GeorgeM777
Expert Alumni

Get your taxes done using TurboTax

You are correct in that any unrecognized gain on an open contract held at the end of the year needs to be reported on Form 6781, Part III.  Part III only relates to unrecognized gains.  If the original poster had an unrecognized loss at year end, there is no requirement to report such loss in Part III.  

 

@zyufan 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"