Generating Form 6781, Gains and Losses from Section 1256 Contracts and Straddles

This article will assist you with generating Form 6781, Gains and Losses From Section 1256 Contracts and Straddles, in ProSeries Professional and ProSeries Basic.

What is the purpose of Form 6781?

Per the IRS General Instructions for Form 6781:

"Use Form 6781 to report:

• Any gain or loss on section 1256 contracts under the mark-to-market rules.
• Gains and losses under section 1092 from straddle positions."

For details on section 1256 contracts and straddles, see IRS Pub. 550.

How do I access Form 6781?

Follow these steps to access Form 6781:

1. Open the client return.
2. Press F6 on your keyboard to open the Open Forms window.
3. Type 6781 and click OK to open Form 6781.