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StevenAntoch
Returning Member

Index options - imported with 1099B - Should be 1256?

My brokerage included a series of index option trades when I imported my 1099B from them.  These options are SUPPOSED to be reported in the 1256 section, but here they are.

Do I just delete them and enter the consolidated 1256 reporting the way it is supposed to be?

(They all came in with wrong values, etc, because they are all non-reported and don't match the same format as the rest of the 1099 entries)

 

Where do I enter the unrealized items here?  The Straddles and Contracts walk-through doesn't mention those: 

This is what my brokerage 1099 (pdf format) shows for them:

REGULATED FUTURES CONTRACTS & SECTION 1256 OPTIONS
2021 Form 1099-B* OMB No. 1545-0715
8- Profit or (loss) realized in 2021 on closed contracts 1234.56 C
9- Unrealized profit or (loss) on open contracts - 12/31/2020 1234.56 C
10- Unrealized profit or (loss) on open contracts – 12/31/2021 0.00
11- Aggregate profit or (loss) on contracts 1234.56 C

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3 Replies
StevenAntoch
Returning Member

Index options - imported with 1099B - Should be 1256?

Anyone?

JillS56
Expert Alumni

Index options - imported with 1099B - Should be 1256?

Yes, if the index options were entered in the wrong section, then delete them from where they are and enter them into the correct spot.  

 

 

 

StevenAntoch
Returning Member

Index options - imported with 1099B - Should be 1256?

Thank you, Jill!

 

I really wish ALL parts of the stock/index/RS/RSU/ESPP reporting mess would just work.

 

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