With Section 1256 investments, IRS requires you to report actual or would-be gains and losses through the end of the year on Form 6781. The basics of Section 1256 investments are as follows:
- You report gains and losses—as a result of an actual sale or the fair market value—through December 31 of each year.
- You complete Form 6781 even if you keep the investments.
- The process of assigning "fair market value" to investments you continue to hold, and don’t sell, is called “mark to market.”
See HERE for more information and in entering the 1256 investments in Turbotax. Based on this article, you would record the investments at market to market for the purposes of maintaining the contracts at fair market value.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
