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Returning Member
posted Mar 24, 2020 2:46:58 PM

1099B FOR FUTURES AND COMMODITY TRADING

How do you enter 1099-B data from a futures trading firm like R. J. O'Brien.  The Turbo Tax program will not take me to boxes 8, 9, 10 and 11 etc.

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1 Replies
Expert Alumni
Mar 24, 2020 4:20:59 PM

“Regulated Futures Contracts” (e.g., Section 1256 contracts) from Form 1099-B are not supported by the Turbo Tax® import function and have to be manually entered.

 

Please follow steps below to enter commodity futures contracts:

  1. Federal 
  2. Income & Expenses
  3. Scroll down to Investment Income & Click on "Show More"
  4. Click Start next to "Contracts and Straddles" & Answer Yes
  5. Continue and enter your Section 1256 contracts