Solved
How do I enter box8 from 1099-b on form 6781? They are futures contracts and not market-to-market or straddles. TT doesn't give me the option to enter the information.
No text available
Your futures contracts are Section 1256 investments. Section 1256 investments include non-equity options, foreign currency contracts, regulated futures contracts, dealer equity options, and dealer securities futures contracts. To enter your Section 1256 Futures Transactions in TurboTax Online, From the Tax Home:
- Click on Income
- Scroll down to "Less Common Investments and Savings"
- Next to "Contracts and Straddles" select "Start"
- Answer "Yes" to "Any Straddles or Section 1256 Contracts?"
- On the next screen, it is highly unlikely that you need to make any elections, so just click "Continue"
- On the screen with "Contracts and Straddles", more than likely you only need to select Section 1256 contracts... You may want to read the IRS instructions for Form 6781, Gains and Losses from Section 1256 Contracts and Straddles
- Select "I'll report the totals from each broker or account.
- Enter the information to report your profits and losses from your Section 1256 Investments.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
