DaveF1006
Expert Alumni

Business & farm

To report these correctly:

  1. After logging into Turbo Tax
  2. Go to federal>income and expenses>Investment Income>start or review>
  3. Go to Contracts and Straddles>start or review
  4. Here is where you will enter information about your 1256 contracts. 
  5. If you need additional help about your specific need, I would suggesting to call tax support at 1-800-446-8848 as they have the ability to look at your screen to assist you in reporting the transactions properly.
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