To enter your futures trading information (including Form 1099-B box 8, 9, 10 and 11 data) in TurboTax Online:
- Open TurboTax Online
- Select Tax Home in the left pane
- On the Hi, let's keep working on your taxes! screen, select the dropdown on the right side of the Income & Expenses box, then select Work on other income, Review/Edit or Pick up where you left off
- On the Your income and expenses screen, scroll down and select the dropdown to the right of Less Common Investments and Savings
- Select Start or Revisit to the right of Contracts and Straddles
- Answer Yes on the Any Straddles or Section 1256 Contracts? page
- If you made any elections, please select as appropriate on the Any Elections? page
Continue entering all information as appropriate. You'll be able to enter information that includes Form 1099-B box 8, 9, 10 and 11 data.
For your section 1256 description, you might use
- Regulated futures contract
- Foreign currency contract
- Nonequity option or
- Dealer equity option
as appropriate.
