Futures contracts
are Section 1256 contracts for the IRS.
Please read this
TurboTax on how to report income on Section 1256 contracts:
https://turbotax.intuit.com/tax-tools/tax-tips/Investments-and-Taxes/What-is-Form-6781--Gains-and-Lo...
You'll need to
complete form 6781.
To do this in
TurboTax, please follow these steps:
- Click on Search on the top right of your
screen
- In the search box, type form 6781
- In the search result page,
click on Jump to form 6781
- TurboTax will take you
through a questionnaire where you can enter your information
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