I have loss in Realized profit or (loss) on Futures - 12/31/2024 like 6922

[salmanchaudhrey]

So how much i can show in loss

[SabrinaD2]

If you have a loss of $6,922 from futures, report it on Form 6781. These losses are treated as 60% ($4,153.20) long-term and 40% ($2,768.80) short-term for tax purposes.

For more details, check the IRS page on Form 678. Also see TurboTax article What is Form 6781: Gains and Losses from Section 1256 Contracts and Straddles?

[Mike9241]

if you have a net capital loss line 16 of schedule D. you have the option of carrying back some or all of those future losses to 2021 by checking box D on the 6781. the computation of  how much can be carried back is a little complicated. it depends on having both net capital gains and net gains on form 6781 in those prior years. you can read the instructions under item D on the form

https://www.irs.gov/pub/irs-pdf/f6781.pdf