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February 16, 2025
Question

MY 1099-B does not have anything in boxes 1-7 because transactions were Futures Contracts only - Turbotax does not seem to allow this, stuck in questions about Box 1-7

  • February 16, 2025
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    1 reply

    SharonD007
    February 16, 2025

    Future contracts are Section 1256 Contracts and are reported on Form 5781.To enter your future contracts:

     

    1. Go to Wages & Income
    2. Scroll down to Less Common Investments and Savings
    3. Select Start by Contracts and Straddles 
    4. TurboTax will guide you to enter your future contracts.

    Refer to the TurboTax article What is Form 6781: Gains and Losses from Section 1256 Contracts and Straddles?

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