3278319
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Section 1256 gains & losses import?

Does the 2023 tax year version support import of Section 1256 ('commodity' futures and options) gains and losses. I could not find any info dated in 2024.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Section 1256 gains & losses import?

see investment section - contracts and straddles. that's where the net 1256 gain/loss is entered.  (form 6781)

View solution in original post

2 Replies

Section 1256 gains & losses import?

Section 1256 is Mark-To-Market.; only your net gain or loss for the year shown on your statement has to be entered.

Section 1256 gains & losses import?

see investment section - contracts and straddles. that's where the net 1256 gain/loss is entered.  (form 6781)

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question