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beshearshouston
New Member

Where are Options Contracts gains/losses recorded in 2018 TurboTax. I cannot find the gains/losses I had. I can find interest, dividends, capital gains

 
5 Replies
tagteam
Level 15

Where are Options Contracts gains/losses recorded in 2018 TurboTax. I cannot find the gains/losses I had. I can find interest, dividends, capital gains

Non-equity options are reported on Form 6781, but wind up on Schedule D.

 

Otherwise, you should find your gains/losses for options transactions on Form 8949 and Schedule D.

JulieC14
Employee Tax Expert

Where are Options Contracts gains/losses recorded in 2018 TurboTax. I cannot find the gains/losses I had. I can find interest, dividends, capital gains

To be brought to the section of TurboTax where Sec 1256 Options Contracts data is entered, take the following steps:

 

  • Click on the Federal Taxes tab
  • Select the Wages and Income tab
  • Scroll down to  Investment Income
  • Next select Contracts and Straddles, and click the start button
  • Answer YES that you had Sec.1256 contracts
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tagteam
Level 15

Where are Options Contracts gains/losses recorded in 2018 TurboTax. I cannot find the gains/losses I had. I can find interest, dividends, capital gains

If the options were equity options, then the transactions should be entered in the Investment Income section as Stocks, Mutual Funds, Bonds, Other.

Anonymous
Not applicable

Where are Options Contracts gains/losses recorded in 2018 TurboTax. I cannot find the gains/losses I had. I can find interest, dividends, capital gains

not all options are 1256 contracts.  equity options aren't 

tagteam
Level 15

Where are Options Contracts gains/losses recorded in 2018 TurboTax. I cannot find the gains/losses I had. I can find interest, dividends, capital gains


@Anonymous wrote:

not all options are 1256 contracts.  equity options aren't 


Exactly; equity options transactions are reported as outlined in my previous post.

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