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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
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- where to enter 40%-60% section 1256 options?
where to enter 40%-60% section 1256 options?
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Yenny
Level 1
10-08-2023
04:12 PM
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I found Contracts and Straddles section (6781) under schedule D, but where do I enter 40% ST and 60% LT? Thank you.
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BobKamman
Level 15
10-08-2023
05:24 PM
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If you fill out Part 1 of the Form 6781, the gain or loss should be split that way on Lines 8 and 9, and carry over automatically to Schedule D. At least, it does with ProSeries.
George4Tacks
Level 15
10-08-2023
06:31 PM
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