- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Stonks,, in your postabove, how do you get Aggregate profit or (loss) on contracts = $4,467? Your Aggregate profit or (loss) should be $1,920 - $2,547 = $627, right?
Also, on form 6781, you don't tell the gain or loss should be entered on Part I or Part II. Moreover, the amount you enter should be Profit or (loss) realized ($1,920) or Aggregate profit or (loss), you don't tell. I think IRS asks to enter Aggregate profit or (loss), include both Realized and Unrealized profit or loss (Section 1256) no matter you sold or hold on 12/31 (end of the year), but you said you enter "11. Total Profits: 1920", which is wrong (box 11 is Aggregate profit or loss, while your $1,920 amount is realized Gain only). If you ignore your "Unrealized Profit or (loss) on open contracts: ($2,547)", then it would break IRS rule on "Section 1256", right?