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Get your taxes done using TurboTax
I have the same problem. It is NOT a straddle. It is a futures contract. The form we receive is a substitute 1099 from the broker. After filling out everything the way it says in the instructions the "review" requires us to enter whether it is short or long term and the total proceeds and total cost. The only information we get is total realized and unrealized profit and loss. As a futures contract it is also considered 60/40. 60 percent long term and 40 percent short term. There is only an option for long or short term. How do we proceed?
‎April 14, 2023
12:23 PM