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April 2, 2025
Question

1099B Aggregate Loss but Short-term transactions for covered tax lots shows profit

  • April 2, 2025
  • 1 reply
  • 0 views

Hi 

I have a 1099B with 
Short-term transactions for covered tax lots showing a profit and theREGULATED FUTURES CONTRACTS & SECTION 1256 OPTIONS section showing a loss greater than the short-term profit

 

How to claim these losses 

1 reply

April 2, 2025

In the income section of your federal return scroll down to 'Investment Income' and click start next to 'Stocks, Bonds, Cryptocurrency, Other' and enter your short term transactions.

 

When that is finished scroll back to 'Investment Income' and click start next to 'Contracts and Straddles' and enter the contracts and 1256 options there.

 

Should net out for you.

 

@bujbuj 

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