Section 1256 Option Contracts Loss Not showing up

[Tharzaw]

Hi. I have loss about $6000 from SPX option contracts which brokage reports under Section 1256 Option Contracts. I also have short term loss about $2000.  I entered each one but, in summary, it only shows 2000 short term loss. What happened to Section 1256 loss? Is it supposed to be recorded 60% as long term loss and 40% as short term loss?

[fanfare · Accepted solution]

You have to review your actual tax return, namely Schedule D, to see what is happening.

@Tharzaw 

[Tharzaw]

Actually it does show up when I print final return. it just did not show on the software. So I am good.

[AbhiT]

@Tharzaw  

So, does that mean your left-over losses from the SPX trades carry over to subsequent years?

Thanks in advance!