Question

TurboTax is not letting me enter Info from 1099-B Proceeds From Broker and Barter Exchange Transactions. How do I do this?

Forum|Forum|5 years ago
February 24, 2021
1 reply
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I have profits and losses from trading futures reported on 1099-B Proceeds From Broker and Barter Exchange Transactions. There does not seem to be a way to enter these amounts.

TurboTax Self Employed Online

M

MinhT1

Futures contracts are Section 1256 contracts for the IRS.

Please read this TurboTax article on how to report income on Section 1256 contracts.

You'll need to complete form 6781.

To do this in TurboTax, please follow these steps:

Click on Search on the top right of your screen
In the search box, type form 6781
In the search result page, click on Jump to form 6781
TurboTax will take you through a questionnaire where you can enter your information

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