I have a call option loss on SLV of around -$200. Fairly small and my only option trade. Where in Turbotax would I record this? I am seeing it listed under the Section 1256 Contracts - Regulated Futures and Nonequity Options. The choices it gives me are in the straddles section and I am confused. Where should I report this? I have a choice between Mixed straddle election, straddle-by-straddle identification election, mixed straddle account election, and net section 1256 loss election? Is it even a straddle? I am totally confused and any help as to what form I should use would be great. Thank you!
