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alex110504
March 9, 2025
Question

Where do I enter Section 1256 Transactions (Regulated Future Contracts and Options)?

  • March 9, 2025
  • 2 replies
  • 0 views
I received form 1099-B from my Broker and it has separate section with Amounts filled in under "Regulated Future Contracts and Options (Section 1256 Transactions)". Where do I enter this information?

      2 replies

      M
      Mike9241
      March 9, 2025

      in the investment section under contracts and straddles. use line 11. on the 1099

      1
      17171717
      March 11, 2025

      Finally found it. See my 2nd post below.

      1
      17171717
      March 11, 2025

      After a lot of time, I found it!

       

      Go into "Wages & Income."

      Scroll down to "Less Common Income."

      Scroll down to "Form 6781 - Gains and Losses from Section 1256." 

      DawnC
      DawnC
      Employee
      March 11, 2025

      Gains and Losses from Section 1256 Contracts and Options are entered from the Investment Income-Contracts & Straddles section in TurboTax. 

       

      • (desktop) Personal Income > Investment Income > Contracts & Straddles  or
      • (TurboTax Online) Federal > Wages & Income > Less Common Investments and Savings > Contracts & Straddles .

       

      See below - @17171717 

       

       

       

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