Skip to main content
June 7, 2019
Solved

Where do I enter Regulated Futures Contracts 1099-B information?

  • June 7, 2019
  • 5 replies
  • 0 views
No text available
Best answer by PandoraS
Below are the steps to enter the Regulated Futures Contracts 1099-B information in TurboTax Premier:
Click on the Federal Taxes tab
Select the Wages and Income tab
Scroll down to the  Investment Income subgroup
Next the Contracts and Straddles line, and click the start button
Answer YES that you had Sec. 1256 contracts
Don't make any special elections selections unless they apply to you
On the Contracts and Straddles page, choose the box next to the Sec. 1256 Contracts marked-to-market
Click continue, and from there TurboTax will take you through the necessary questions and answers tree.

For more information, use the link below to an article on Section 1256 contracts.

https://qtwu2.qprd.turbotaxonline.intuit.com/turbotax/ttonline.htm?app=pprdttoas624&uid=423512167%3A0&pt=20415&proddata=&prodid=0&csrc=3468337910

5 replies

June 7, 2019
What is Sec.1256 contract?
June 7, 2019
This link does not work.
PandoraSAnswer
Employee
June 7, 2019
Below are the steps to enter the Regulated Futures Contracts 1099-B information in TurboTax Premier:
Click on the Federal Taxes tab
Select the Wages and Income tab
Scroll down to the  Investment Income subgroup
Next the Contracts and Straddles line, and click the start button
Answer YES that you had Sec. 1256 contracts
Don't make any special elections selections unless they apply to you
On the Contracts and Straddles page, choose the box next to the Sec. 1256 Contracts marked-to-market
Click continue, and from there TurboTax will take you through the necessary questions and answers tree.

For more information, use the link below to an article on Section 1256 contracts.

https://qtwu2.qprd.turbotaxonline.intuit.com/turbotax/ttonline.htm?app=pprdttoas624&uid=423512167%3A0&pt=20415&proddata=&prodid=0&csrc=3468337910
April 11, 2020

Awesome, thanks very much!  I use Tradestation and was unable to perform an electronic upload and was struggling to enter my info manually as well!

April 16, 2022

As of April 2022, for 1099-B for Regulated Future Contracts and Options (Section 1256 Transactions), the easiest way to get there is to search for "straddles" and use the "Jump to straddles" link