AamilD
Expert Alumni

Retirement tax questions

Since these are related to Contracts and Straddles, please follow the steps below to enter the Form 1099-B:

  1. Click on Tax Home from Left Side Menu.
  2. Click on Wages & Income from the main screen.
  3. Scroll down till you see the section titled "Investment Income". Within this section, there will be an option for "Contracts and Straddles". Click Start next to it.
  4. Answer Yes on the first question about Straddles or Section 1256 Contracts. 
  5. Then select any elections if they apply to you or if not then you can leave it blank and click on Continue.
  6. Then Select the Box next to the option "Section 1256 contracts marked to market".
  7. Then you will be able to enter Box 8 and Box 11 information.