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

[eunice0988]

What is Sec.1256 contract?

[Fern]

See article at <a rel="nofollow" target="_blank" href="https://qtwu2.qprd.turbotaxonline.intuit.com/turbotax/ttonline.htm?app=pprdttoas624&uid=423512167%3A...>

[amncllc]

This link does not work.

[PandoraS · Accepted solution]

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...

[ronaldwanat]

Awesome, thanks very much!  I use Tradestation and was unable to perform an electronic upload and was struggling to enter my info manually as well!

[kpdaniels]

Thank you! That worked since I could only copy a substitute 1099 from Tradestation. Looks like a lot of us are losing money on Tradestation. Sometimes I feel that someone is looking over my shoulder, doing the opposite of what I think the market will do,  and taking my money, lol!

[vinnyjames1]

As of April 2022, for 1099-B for Regulated Future Contracts and Options (Section 1256 Transactions), the easiest way to get there is to search for "straddles" and use the "Jump to straddles" link

[DISCO007]

And I thought I was the only one that thought that same thing but now it includes AI.  GLTY