topic I have loss in Realized profit or (loss) on Futures - 12/31/2024 like 6922 in Investors & landlords

I have loss in Realized profit or (loss) on Futures - 12/31/2024 like 6922

salmanchaudhrey — Tue, 03 Feb 2026 13:11:54 GMT

So how much i can show in loss

Re: I have loss in Realized profit or (loss) on Futures - 12/31/2024 like 6922

SabrinaD2 — Wed, 05 Feb 2025 01:52:50 GMT

If you have a loss of $6,922 from futures, report it on Form 6781. These losses are treated as 60% ($4,153.20) long-term and 40% ($2,768.80) short-term for tax purposes.

For more details, check the IRS page on Form 678. Also see TurboTax article What is Form 6781: Gains and Losses from Section 1256 Contracts and Straddles?

Re: I have loss in Realized profit or (loss) on Futures - 12/31/2024 like 6922

Mike9241 — Wed, 05 Feb 2025 03:27:59 GMT

if you have a net capital loss line 16 of schedule D. you have the option of carrying back some or all of those future losses to 2021 by checking box D on the 6781. the computation of how much can be carried back is a little complicated. it depends on having both net capital gains and net gains on form 6781 in those prior years. you can read the instructions under item D on the form

https://www.irs.gov/pub/irs-pdf/f6781.pdf