Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Jul 29, 2024 5:34:29 AM

Contracts and Straddles - Box 8

Turbotax Online: I have received a 1099-B with only Box 8 and 11 information. I follow the instructions from the forums:
1. Go to "Less Common Investments and Savings"
2. Answer "YES" to "Any Straddles or Section 1256 Contracts?"
3. Next screen asks for "Any Elections?" and I don't check any since I don't have any of those elections, and I click "Continue"
4. Next screen is "Check any of the following that apply", and I check "None of the above", and I click "Continue"

After clicking "Continue" in Step 4 above, I am led back to the main menu, and it never lets me input the Box 8 info! This behavior has changed from prior years, as I could easily input my section 1256 Box 8 info quite easily in prior years. Can you please advise?

0 3 21259
3 Replies
Level 15
Jul 30, 2024 6:46:11 AM

Level 15
Jul 30, 2024 8:31:07 AM

4. Next screen is "Check any of the following that apply", and I check "None of the above", and I click "Continue

 

 

that's the oops - wrong  box - you must check Section 1256 contracts marked to market

then continue

next page asks "How do you want to enter your transactions"

choose Report totals from each broker or account

continue

you should now see the Section 1256 contracts page where you enter all the info 

 

 

Level 1
Jul 31, 2024 4:39:10 AM

That did the trick. Thank you very much.