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Level 2
March 16, 2025
Solved

can i manually input Section 1256 contracts into turbo tax home and business 2024?

  • March 16, 2025
  • 2 replies
  • 42 views
I have Section 1256 contracts from three brokerage accounts that came with the 1099-B that I imported but they do not show up in my forms within turbo tax.
Best answer by Mike9241

yes but you do that through the investment section under contracts and straddles. use line 11 of the 1256 reporting.  the number will show up on form 6781. the amounts flow to schedule D.

2 replies

Mike9241
Level 15
Mike9241Level 15Answer
Level 15
March 16, 2025

yes but you do that through the investment section under contracts and straddles. use line 11 of the 1256 reporting.  the number will show up on form 6781. the amounts flow to schedule D.

Mike9241
hoss1160Author
Level 2
March 18, 2025

That worked. Thanks for the help.