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Kevin941
February 9, 2021
Question

TurboTax Business. How do I report regulated futures contracts in TurboTax Business?

  • February 9, 2021
  • 1 reply
  • 0 views
I need to report 1256 straddle futures contracts in TurboTax Business, but the only options seem to be long and short term cap gains.  Does TurboTax Business not do the 60/40 breakdown?

1 reply

A
Anonymous_
Employee
February 9, 2021
@Kevin941 wrote:
Does TurboTax Business not do the 60/40 breakdown?

Yes, but you might have to complete Form 6781 in Forms Mode.

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