Form 1099 B shows a loss from futures trades in boxes 8 and 11. These go on form 6781. When I answer the questions, the amount of loss is showing as zero.

[febroker]

How do I post net futures losses?  Thank you.

[MichaelDC]

Below are the steps to enter the Regulated Futures Contracts and Options 1099-B information in TurboTax:

• Click on the Federal Taxes tab
• Select the Wages and Income tab
• Select  the EXPLORE ON MY OWN option (this may require you to click through one or two other screens beforehand)
• Scroll down to the  Investment Income subgroup
• Next the Contracts and Straddles line, and click the start button
• Answer YES that you had Sec. 1256 contracts
• Don't make any special elections selections unless they apply to you
• On the Contracts and Straddles page, choose the box next to the Sec. 1256 Contracts marked-to-market
• Click continue, and from there TurboTax will take you through the necessary questions and answers tree.

[bsim2123]

Careful, my TT-2017 Premier doesn't allow one to do a Federal Capital Loss Carryover to Sch D if you have a loss in 2016 for1256 contracts  Oddly, it allows the carry over loss for my state, so I believe there is an error on the Federal Sch D carryover.  Almost efiled before I caught this, so I need TTax to let me know how to correct the 2016 carry over loss omission to 2017 Sch D.

[fanfare]

you're posting on an old thread about a separate issue. Start your own posting

[kevinbsmith]

The answer by TurboTax MichaelDC  from June 2019 needs to be updated slightly to match the 2022 TurboTax Online version of the software.  I'm not a financial advisor or a tax advisor, just a regular TurboTax user doing my own taxes again this year.  I just entered my 1099-B Aggregate Profit-Loss amount for my Regulated Futures Contracts accounts.  Here are the exact steps I followed in this year's 2022 TurboTax Online:

• Click on the Federal Taxes tab
• Select the Wages and Income tab
• Select  the EXPLORE ON MY OWN option (this may require you to click through one or two other screens beforehand) I did not see an EXPLORE ON MY OWN OPTION in the 2022 TurboTax Online.
• Scroll down to the Less Common Investments and Savings Income subgroup, then click on Show More
• Next to the Contracts and Straddles line, click the start button
• Answer YES that you had Sec. 1256 contracts
• Don't make any special elections selections unless they apply to you, click Continue
• On the Contracts and Straddles page, choose the box next to the Sec. 1256 Contracts marked-to-market
• Click continue, and from there TurboTax will take you through the necessary questions and answers tree.

The form will ask only for the Broker’s Name and information in boxes 8 and 11 on your 1099-B.  Be aware, box 8 on my 1099-B reports a dollar amount of profit-loss, but TurboTax asks for you to enter a Description here.  I entered the title of Box 8, Profit-loss 2022 on Closed.  Then I entered my Aggregate Profit-loss dollar amount in box 11.