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Entering Form 1099-B Box 11 aggregate profit on contracts in ProConnect

by Intuit Updated 2 years ago

To enter Form 1099-B, box 11, aggregate profit (or loss) on contracts:

  1. Go to the Input Return tab.
  2. Select Income, then expand Dispositions (Sch. D, etc.).
  3. Select Schedule D/4797/etc.
  4. Locate the transaction in the Quick Entry grid.
  5. Select Carryovers/Misc Info.Selecting the Carryovers / Misc Info tab in ProConnect Tax on the Quick Entry: Dispositions screen
  6. Select the Contracts & Straddles tab.Selecting the Contracts & Straddles tab in Schedule D in ProConnect Tax
  7. Under the section Contracts and Straddles (6781), select all applicable boxes.

The amount will flow to Form 6781 to be included on Schedule D and reported on the return as a capital gain or loss.

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