This is my first year doing our taxes and I'm using Do It Yourself Premium online. I have a 1099-B for some futures contracts. Looking at our 2024 return, I can see our accountant entered the amount from box 11 'Aggregate Profit or (loss) on Contracts' on Form 6781, along with the gain from a K-1 we had. Seems simple enough.
I uploaded the form as a PDF saved from the website and have a JPEG picture of the physical copy I received. When I upload the PDF it confirms "We got your document!" but then shows $0 total gain or loss. I'm assuming these are taxable gains?? If I go in to edit it, it asks for all kinds of sales info I don't have. When I upload the picture, it's not able to read most of the form- it only gets the account holder's name and I don't have the form with me to take another picture. Help!
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This is entered in the contracts and straddle section, not the stock section Form 6781
enter it manually because Turbotax can't import this type of 1099-B
name, account description and only enter line 11
skip the elections, you don't need any
This is entered in the contracts and straddle section, not the stock section Form 6781
enter it manually because Turbotax can't import this type of 1099-B
name, account description and only enter line 11
skip the elections, you don't need any
THANK YOU!
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