Schwab’s 1099B reports my 2 call options on GLD as to be reported on Form 6781 - Gains and Losses from 1256 Contracts and Straddles. These are not technically “straddles” but treated as collectibles I believe. On top of form 6781, there are 4 check boxes to choose from.
A - Mixed straddle election
B- Straddle by straddle identification election
C- Mixed straddle account election
D- Net Section 1256 contracts loss election
I chose B but not sure it is right. Both options were profitable so D is not appropriate. I also do not see how TT treated the taxes on the gains. TT listed the 2 options on Section B - Gains from Straddles.
