I received my 1099 from TD Ameritrade and everything (mostly) uploaded correctly using my information.
The one issue I'm having is there was a small portion that was broken out on Section 1256 Contracts that won't automatically upload. I uploaded a quick picture of that section to show what I traded (just regular options).
On Line 8 of the 1256 Contract (Profit or (loss) realized in 2020 on closed contracts), I have a -1,453.67.
1. Any straddles or Section 1256 contracts (I assume the answer is yes)
2. Any elections? (No idea what to select here)
3. Contracts and Straddles (No idea what to select here)
4. How to report your transactions? (I assume the answer is I'll report the totals for each broker)
5. Special Handling (I assume the answer is None of the above)
Any advice on what to select here?
I saw you were Tax Experts in this area...any idea how to answer these questions?