Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- where to enter 40%-60% section 1256 options?
where to enter 40%-60% section 1256 options?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Yenny
Level 1
10-08-2023
04:12 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I found Contracts and Straddles section (6781) under schedule D, but where do I enter 40% ST and 60% LT? Thank you.
Labels
2 Comments 2
BobKamman
Level 15
10-08-2023
05:24 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Answers are easy. Questions are hard!
