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March 30, 2022
Question

Where do you enter 1256 Contract Gains/Losses?

  • March 30, 2022
  • 1 reply
  • 0 views
Cannot find where to enter this information

1 reply

March 30, 2022

Regulated Futures Contracts” (e.g., Section 1256 contracts) from Form 1099-B are not supported by the Turbo Tax® import

 

Please follow steps below to enter commodity futures contracts:

  1. Federal 
  2. Income & Expenses
  3. Scroll down to Investment Income & Click on "Show More"
  4. Click Start next to "Contracts and Straddles" & Answer Yes
  5. Continue and enter your Section 1256 contracts
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