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Level 1
October 8, 2023
Question

where to enter 40%-60% section 1256 options?

  • October 8, 2023
  • 2 replies
  • 14 views

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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2 replies

BobKamman
Level 15
October 8, 2023

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.