In Form 6781, how to determine the sold option contracts ("Section 1256 Option Contracts" reported on 1099-B) should be entered in Part I (Report your Section 1256 investment gains and losses) or Part II (Report the gains and losses on your straddles)?
In Part I, 60% of Gain or Loss belong to long term gain or loss, while 40% of Gain or Loss belon to short term gain or loss. How about in Part II? Are all of Gain or Loss belong to short-term or long-term gain/loss, or they have the same percentage in short-term and long-term gain or loss as Part I?
