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These are similar to stock trades but are for things like wheat, corn, gold, silver. I have a 1099-b which gives the amount of gain for the year.
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How do i enter futures contract trades
Please follow steps below to enter commodity futures contracts:
- Federal Taxes
- Wages and Income
- Scroll down to Investment Income
- Select Contracts and Straddles - answer yes to Any Straddles or section 1256 contracts, don't check any elections (unless they apply to your situation), check the box Section 1256 contracts market to market, continue through the interview.
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How do i enter futures contract trades
Please follow steps below to enter commodity futures contracts:
- Federal Taxes
- Wages and Income
- Scroll down to Investment Income
- Select Contracts and Straddles - answer yes to Any Straddles or section 1256 contracts, don't check any elections (unless they apply to your situation), check the box Section 1256 contracts market to market, continue through the interview.
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How do i enter futures contract trades
How do you enter 1256 Gains in TurboTax Business for allocation to LLC shareholders?
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How do i enter futures contract trades
In TurboTax Business, click on the Search / magnifying glass in the upper right hand corner of the screen.
In the Search box type 'contracts and straddles'. Enter.
Click on Jump to contracts and straddles.
Answer the questions at the screen Any contracts or straddles?.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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How do i enter futures contract trades
I make sure I help as much as I can and I marked down everything I had to do
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How do i enter futures contract trades
In the 2022 TTO it is called Less Common Investments and Savings
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How do i enter futures contract trades
In TTO, it's answered the same way like Turbotax Business, see this
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