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VAer
VAer
Employee
February 19, 2024
Question

Section 1256 Question

  • February 19, 2024
  • 1 reply
  • 0 views

I modify my numbers a little bit for asking this question. What is the relationship among these four lines? What is line 11 about.

It seems that line 8 is realized gain/loss, why we need line 11? In my form, line 11 = line 8 - line 9, and line 10 = 0

If I report summary loss, should I go with line 11 or line 8?

 

Thanks.

 

1 reply

A
AbrahamT
February 20, 2024

You should report all the entries as listed from all those three boxes.As per the instructions for reporting a loss on closed contracts from Form 1099-B, all amounts pertaining to that loss, which is Box 8,9 and 11 would be reported. See HERE  pg. 12

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