JulieS
Expert Alumni

Get your taxes done using TurboTax

Your 1099-B is showing section 1256 options that you need to report on Form 6781. Here is how to do that:

  1. Select Federal from the left side menu.
  2. Select Wages and Income toward the top left.
  3. Scroll down/ expand the list and look for Investment Income
  4. Find Contracts and Straddles and click on Start or Update to the right. 
  5. Answer the first question Yes.
  6. Complete the rest of the section to report your gains or losses.
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