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Level 1

Where do I enter Regulated Futures Contracts 1099-B information?

 
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Level 1

Where do I enter Regulated Futures Contracts 1099-B information?

Below are the steps to enter the Regulated Futures Contracts 1099-B information in TurboTax Premier:
Click on the Federal Taxes tab
Select the Wages and Income tab
Scroll down to the  Investment Income subgroup
Next the Contracts and Straddles line, and click the start button
Answer YES that you had Sec. 1256 contracts
Don't make any special elections selections unless they apply to you
On the Contracts and Straddles page, choose the box next to the Sec. 1256 Contracts marked-to-market
Click continue, and from there TurboTax will take you through the necessary questions and answers tree.

For more information, use the link below to an article on Section 1256 contracts.

https://qtwu2.qprd.turbotaxonline.intuit.com/turbotax/ttonline.htm?app=pprdttoas624&uid=423512167%3A...
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Level 1

Where do I enter Regulated Futures Contracts 1099-B information?

What is Sec.1256 contract?
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Level 1

Where do I enter Regulated Futures Contracts 1099-B information?

Level 1

Where do I enter Regulated Futures Contracts 1099-B information?

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Level 1

Where do I enter Regulated Futures Contracts 1099-B information?

Below are the steps to enter the Regulated Futures Contracts 1099-B information in TurboTax Premier:
Click on the Federal Taxes tab
Select the Wages and Income tab
Scroll down to the  Investment Income subgroup
Next the Contracts and Straddles line, and click the start button
Answer YES that you had Sec. 1256 contracts
Don't make any special elections selections unless they apply to you
On the Contracts and Straddles page, choose the box next to the Sec. 1256 Contracts marked-to-market
Click continue, and from there TurboTax will take you through the necessary questions and answers tree.

For more information, use the link below to an article on Section 1256 contracts.

https://qtwu2.qprd.turbotaxonline.intuit.com/turbotax/ttonline.htm?app=pprdttoas624&uid=423512167%3A...