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Level 2
posted Mar 3, 2026 6:07:14 PM

Section 1256 Contracts

I am reporting on one of my brokerages for the Section 1256 Contracts and am not sure which number I should enter.  The 1099-B has:

8 - Profit or Loss realized in 2025 on closed contracts               -XXX (negative)

9 - Unrealized profit or loss on open contracts 12/31/2024     -XXX (negative)

10 - Unrealized profit or loss on open contracts 12/31/2025    XXX (positive)

11 - Aggregate profit or loss on contracts                                     XXX (positive)

 

All of these have a number.  Do I just report the number for field 11? 

0 1 126
1 Best answer
Level 15
Mar 3, 2026 6:29:42 PM

yes 11. 

 

Under 1256 open contracts are deemed sold on 12/31, and the unrealized profit or loss is included in the current year's aggregate taxable income or loss. Unrealized profit from the prior year is treated as a loss in the current year, while an unrealized loss from the prior year is treated as a profit in the current year 

1 Replies
Level 15
Mar 3, 2026 6:29:42 PM

yes 11. 

 

Under 1256 open contracts are deemed sold on 12/31, and the unrealized profit or loss is included in the current year's aggregate taxable income or loss. Unrealized profit from the prior year is treated as a loss in the current year, while an unrealized loss from the prior year is treated as a profit in the current year