I have a 1099-B for futures trades, it's summarized in boxes 8, 9, 10, and 11 only, there is no information for 1a or 1d. Where in TT can I enter this?

[barnabyf]

The TT option for boxes 8, 9, 10, and 11 never appear and my 1099-B does not have Sales sections to pick from.

[JohnW152]

To enter your Form 1099-B box 8, 9, 10 and 11 information in TurboTax Online:

1. If you don’t see 2022 TAXES in the left pane, select the dropdown to the right of Income & Expenses on the Hi, let’s keep working on your taxes! page and then select Let’s get started, Pick up where you left off, or Review/Edit. 
   • Otherwise, in the left pane, select Federal, then Wages & Income (This is labelled Income & Expenses in TurboTax Self-Employed)
2. Scroll down and select the Show more dropdown to the right of Less Common Investments and Savings 
3. Select  Start or Revisit to the right of Contracts and Straddles
4. Answer  Yes on the Any Straddles or Section 1256 Contracts? page 
5. If you made any elections, please select as appropriate on the Any Elections? page

Continue entering all information as appropriate.

[barnabyf]

Thanks, that got me in the right section there, but again the TurboTax questions don't line up with my simple 1099-B. In the numbered boxes I only have values in 8, 9, 10, and 11; that's all, nothing else, no other values, and no checkboxes are checked, very simple. The TurboTax prompt does not line up since box 8 is a numeric value on my form but TurboTax wants a description (see image). I think this refers to a different form somehow.

When entering the TurboTax screen I selected "Net section 1256 contracts loss election" and then on the next page I selected "Section 1256 contracts marked to market," but I don't think that should matter much.

Is this the right TurboTax screen for my futures account 1099-B? It seems like it should be correct but the disconnect with box 8 is bothering me. Thanks for any help!

The form on TurboTax: 1256 Contracts and the other options I mentioned above bring me here: 

[AbrahamT]

Yes, this sure is the right screen. I would suggest that you call your broker and find out what line 8 represents. On the actual Form 6781 itself, the calculated form form for Contracts and Straddles, line 8 represents the Short term capital gain which is part of Line 11, the total profits. Therfore, by entering Total profits in Line 11, you are in essence picking up Line 8 which is the Short term capital gain. But like I said, confirm this information with your broker.

[fanfare]

only line 11 is of interest. you can ignore all the other lines on your statement.