turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

Tax Year Prior to 2020: 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

 
Connect with an expert
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.

5 Replies

Tax Year Prior to 2020: 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
Expert Alumni

Tax Year Prior to 2020: 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
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Tax Year Prior to 2020: 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

Tax Year Prior to 2020: 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 

Tax Year Prior to 2020: 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.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies