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Futures contracts are Section 1256 contracts for the IRS.
Please read this TurboTax article on how to report income on Section 1256 contracts.
You'll need to complete form 6781.
To do this in TurboTax, please follow these steps:
How do I know which version I have? It doesn't appear to give me a click on Form 6187....
You'll need TurboTax Online Premier or above to access form 6781.
Please make sure that you type in form 6781 and not 6187.
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