Skip to main content
September 11, 2023
Solved

Section 1256 Option Contracts Loss Not showing up

  • September 11, 2023
  • 1 reply
  • 0 views

Hi. I have loss about $6000 from SPX option contracts which brokage reports under Section 1256 Option Contracts. I also have short term loss about $2000.  I entered each one but, in summary, it only shows 2000 short term loss. What happened to Section 1256 loss? Is it supposed to be recorded 60% as long term loss and 40% as short term loss?

Best answer by fanfare

You have to review your actual tax return, namely Schedule D, to see what is happening.

 

@Tharzaw 

1 reply

fanfare
fanfareAnswer
Employee
September 11, 2023

You have to review your actual tax return, namely Schedule D, to see what is happening.

 

@Tharzaw 

TharzawAuthor
September 11, 2023

Actually it does show up when I print final return. it just did not show on the software. So I am good.

October 2, 2023

@Tharzaw  

So, does that mean your left-over losses from the SPX trades carry over to subsequent years?

 

Thanks in advance!