Below are the steps to enter the Regulated Futures Contracts and Options 1099-B information in TurboTax:
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.
you're posting on an old thread about a separate issue. Start your own posting
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:
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.