Question

Where I have to Fill Futures Contract Losses from my 1099-B

Forum|Forum|6 years ago
February 24, 2020
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TurboTax Live Self Employed

A

Anonymous

if these are regulated future losses, they don't get entered on form 8949. instead use form 6781. and you only need enter the net. they should then be split 60% long term 40% short term and the losses carried to various sections of schedule D

J

josepinappleAuthor

Thank you very much, can you be more specific with "they should then be split 60% long term 40% short term and the losses carried to various sections of schedule D" How and where I have to do that? Thanks in advance