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dle804
New Member

Substitute 1099 b from schwab for former optionsxpess acct only lists boxes 8-11 shows net amt on futures. how do i enter 1099b info when turbotax looking for boxes 1d

 
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MichaelDC
New Member

Substitute 1099 b from schwab for former optionsxpess acct only lists boxes 8-11 shows net amt on futures. how do i enter 1099b info when turbotax looking for boxes 1d

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.

Just in case you need this:

https://ttlc.intuit.com/replies/6183851

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1 Reply
MichaelDC
New Member

Substitute 1099 b from schwab for former optionsxpess acct only lists boxes 8-11 shows net amt on futures. how do i enter 1099b info when turbotax looking for boxes 1d

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.

Just in case you need this:

https://ttlc.intuit.com/replies/6183851

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