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!
Enter it here:
1. Click Federal
on the left-hand side menu.
2. Click Income
across the top.
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.