This is my first year using TurboTax software, and I don't quite like it. TurboTax website is much more convenient.
I never have separate 1099B, but Turbo Tax website is able to import section 1256 data, and I don't need to worry about it.
Now I am using Turbo Tax software, and it cannot import section 1256 data and it only imports form 8949 type data.
Now I need to manually input information for form 6781. Could someone please explain what those four elections (checkbox) mean? I trade SPX option and VIX option, I think I should choose Net section 1256 contracts loss election.
How to answer the question 8-Account Description?
Thanks.
