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Question

How/where do I enter Gains and Losses From Section 1256 Contracts and Straddles?

Forum|Forum|3 years ago
March 29, 2023
1 reply
0 views

I have a small section on this on my Consolidated 1099-B.

TurboTax Self Employed Online

Please read this TurboTax article on how to report income on Section 1256 contracts.

You'll need to complete form 6781.

To do this in TurboTax, please follow these steps:

Click on Search on the top right of your screen
In the search box, type form 6781
In the search result page, click on Jump to form 6781
TurboTax will take you through a questionnaire where you can enter your information
TurboTax will then automatically split your gains between long-term and short-term to report them on your tax return.

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