SabrinaD2
Expert Alumni

Investors & landlords

If you have a loss of $6,922 from futures, report it on Form 6781. These losses are treated as 60% ($4,153.20) long-term and 40% ($2,768.80) short-term for tax purposes.

 

For more details, check the IRS page on Form 678. Also see TurboTax article What is Form 6781: Gains and Losses from Section 1256 Contracts and Straddles?