VAer
Level 4

How to enter Section 1256 summary (SPX option) on Turbo website?

Section 1256 summary (SPX option): It is in form 1099B, but how can I enter summary data from there? 

Index option (SPX option) should be section 1256, and use IRS form 6781.

 

I don't remember how I entered Section 1256 data in Turbo desktop software before, but I am using TurboTax website now. I have not decided if I will use Turbo yet, just using its website to see the result first.

 

 

Turbo Form 1099B.jpgTurboTax Section 1256.jpg

 

Turbo Sale Section.jpg