Question

form 1099-B

has turbo tax updated this yet? I am not able to download my statement details for section 1256 contracts. Can anyone advise? thanks

TurboTax does not support the import of 1256 contracts.

To enter your Section 1256 Contracts:

Log into your TurboTax account
Go to Federal -> Income and Expenses -> Investment Income
Click Start next to Contracts and Straddles
Enter information about your contract elections and then you will reach a screen that says How to Report Your Transactions, you can choose to report each transaction separately or report the totals from each broker or account.

Here is a help article on Section 1256 contracts.

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