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
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

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

I received 1099-B with numbers on boxes 8,10 & 11. I switched to TurboTax's forms but the form looks different and complicated. Where should I enter this information?

This is about trading Silver on Forex. Please note, that I haven't cashed anything out. I'm not sure if this has to be reported at all. Any help will be appreciated. Thanks! 

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.

1 Reply

I received 1099-B with numbers on boxes 8,10 & 11. I switched to TurboTax's forms but the form looks different and complicated. Where should I enter this information?

Enter it here:

1.  Click Federal on the left-hand side menu.

2.  Click Income across the top.

3.  Scroll down to Investment Income and click Show more.

4.  Click Start or Revisit by Contracts and Straddles.

This, from TurboTaxMichaelDC:

Just enter Box 11 (gain or loss) in the appropriate TurboTax box.

To do this:

Under Investment Income, click Start/Update on "Contracts and Straddles"

Continue twice and check the box for Section 1256 contracts marked to market.

You will find that TurboTax offers only two boxes for Line 11 (gain or loss) and that is all that has to be entered.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies