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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:
- Select Federal from the left side menu.
- Select Wages and Income toward the top left.
- Scroll down/ expand the list and look for Investment Income
- Find Contracts and Straddles and click on Start or Update to the right.
- Answer the first question Yes.
- Complete the rest of the section to report your gains or losses.
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March 10, 2022
4:02 PM