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Get your taxes done using TurboTax
Hello Can you elaborate on what specific steps I have to use to amend my 2023 return in TurboTax to take the losses from 2024 1256 contracts? I couldn't figure out how to apply these losses in my 2023 returns. I would appreciate it if you could share the steps.
My situation: I had losses of around 42.5 K in 2024 from the 1256 contract. In 2023 Schedule D line 16, I had 43.5K in gain. So, I'm trying to understand how to amend my 2023 return. Any guidance is appreciated.
‎April 3, 2025
3:44 AM