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Tax Year Prior to 2020: Where are Options Contracts gains/losses recorded in 2018 TurboTax. I cannot find the gains/losses I had. I can find interest, dividends, capital gains
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December 6, 2019
9:05 AM
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Investors & landlords
Non-equity options are reported on Form 6781, but wind up on Schedule D.
Otherwise, you should find your gains/losses for options transactions on Form 8949 and Schedule D.
December 6, 2019
9:29 AM
1,306 Views
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Investors & landlords
To be brought to the section of TurboTax where Sec 1256 Options Contracts data is entered, take the following steps:
- Click on the Federal Taxes tab
- Select the Wages and Income tab
- Scroll down to Investment Income
- Next select Contracts and Straddles, and click the start button
- Answer YES that you had Sec.1256 contracts
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December 6, 2019
9:46 AM
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If the options were equity options, then the transactions should be entered in the Investment Income section as Stocks, Mutual Funds, Bonds, Other.
December 6, 2019
9:54 AM
1,300 Views
Anonymous
Not applicable
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Investors & landlords
not all options are 1256 contracts. equity options aren't
December 6, 2019
10:05 AM
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Investors & landlords
@Anonymous wrote:
not all options are 1256 contracts. equity options aren't
Exactly; equity options transactions are reported as outlined in my previous post.
December 6, 2019
10:43 AM
1,293 Views