https://ttlc.intuit.com/community/taxes/discussion/how-to-report-section-1256-contracts-losses/01/3091963#M1129358 <P>Last year was my first time trading SPX contracts and had aggregate loss on these contracts. I bought and sold SPX calls and puts on the same day. What should I select on the following pages? And would I have to enter each individual transactions?</P><P><span class="lia-inline-image-display-wrapper lia-image-align-inline" image-alt="YKZZMOP-1.jpg" style="width: 999px;"><img src="https://ttlc.intuit.com/community/image/serverpage/image-id/38233i49C069F656EC5F96/image-size/large?v=v2&amp;px=999" role="button" title="YKZZMOP-1.jpg" alt="YKZZMOP-1.jpg" /></span><span class="lia-inline-image-display-wrapper lia-image-align-inline" image-alt="ODC2Qp1.jpg" style="width: 688px;"><img src="https://ttlc.intuit.com/community/image/serverpage/image-id/38234i0B20BD90CB400F28/image-size/large?v=v2&amp;px=999" role="button" title="ODC2Qp1.jpg" alt="ODC2Qp1.jpg" /></span></P> Tue, 24 Feb 2026 07:19:57 GMT lwang09 2026-02-24T07:19:57Z https://ttlc.intuit.com/community/taxes/discussion/how-to-report-section-1256-contracts-losses/01/3091963#M1129358 <P>Last year was my first time trading SPX contracts and had aggregate loss on these contracts. I bought and sold SPX calls and puts on the same day. What should I select on the following pages? And would I have to enter each individual transactions?</P><P><span class="lia-inline-image-display-wrapper lia-image-align-inline" image-alt="YKZZMOP-1.jpg" style="width: 999px;"><img src="https://ttlc.intuit.com/community/image/serverpage/image-id/38233i49C069F656EC5F96/image-size/large?v=v2&amp;px=999" role="button" title="YKZZMOP-1.jpg" alt="YKZZMOP-1.jpg" /></span><span class="lia-inline-image-display-wrapper lia-image-align-inline" image-alt="ODC2Qp1.jpg" style="width: 688px;"><img src="https://ttlc.intuit.com/community/image/serverpage/image-id/38234i0B20BD90CB400F28/image-size/large?v=v2&amp;px=999" role="button" title="ODC2Qp1.jpg" alt="ODC2Qp1.jpg" /></span></P> Tue, 24 Feb 2026 07:19:57 GMT https://ttlc.intuit.com/community/taxes/discussion/how-to-report-section-1256-contracts-losses/01/3091963#M1129358 lwang09 2026-02-24T07:19:57Z https://ttlc.intuit.com/community/taxes/discussion/re-how-to-report-section-1256-contracts-losses/01/3091990#M1129370 <P>If you have gains or losses on contracts they will be reported on your 1099-B lines 8-11,perhaps on a separate 1099-B.</P><P>Use Form 6781.</P><P>&nbsp;</P><P>Otherwise, it will look like an option trade ; you report on Form 8949 as usual.</P><P><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5343588">@lwang09</a>&nbsp;</P> Fri, 22 Sep 2023 22:47:57 GMT https://ttlc.intuit.com/community/taxes/discussion/re-how-to-report-section-1256-contracts-losses/01/3091990#M1129370 fanfare 2023-09-22T22:47:57Z