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maverick45
Returning Member

How to enter Sec 1256 in Turbotax Business 2023?

I am using Turbotax Business for 2023. I need  to enter Sec 1256 info.

Previous posts suggested to enter “Form 6781” in the search box in the upper right hand corner and select “go to form”.

However, the search does not provide results for the form.

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2 Replies
PatriciaV
Expert Alumni

How to enter Sec 1256 in Turbotax Business 2023?

If you're unable to jump to this section of TurboTax Business using Search, navigate from Federal Taxes >> Income >> Investment Income >> Capital Gains and Losses >> (skip Summary page) >> Contracts and Straddles.

 

You can also access Form 6781 for manual input using Forms Mode. Click the Forms icon in the TurboTax header, then click on Open Form. Type in "6781" and wait for the list to populate. Click on Form 6781 when it appears to open the form in the large window. You can make manual entries in any box in yellow. 

 

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maverick45
Returning Member

How to enter Sec 1256 in Turbotax Business 2023?

After I posted my question and did not get a timely response. I called Turbotax support. We spent more than 2 hours on the phone trying to fix the problem.  We tried what you have suggested here and it did not work.

I gave up and bought a software from another company and finish my return without any problem.

The software is $50 cheaper than Turbotax.

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