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March 24, 2024
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Section 1256 gains & losses import?

  • March 24, 2024
  • 2 replies
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Does the 2023 tax year version support import of Section 1256 ('commodity' futures and options) gains and losses. I could not find any info dated in 2024.

    Best answer by Mike9241

    see investment section - contracts and straddles. that's where the net 1256 gain/loss is entered.  (form 6781)

    2 replies

    fanfare
    Employee
    March 25, 2024

    Section 1256 is Mark-To-Market.; only your net gain or loss for the year shown on your statement has to be entered.

    Mike9241Answer
    March 25, 2024

    see investment section - contracts and straddles. that's where the net 1256 gain/loss is entered.  (form 6781)