Question

I have realized that my form 6781 options income does not seem to be automatically populated into my tax return. Am I doing something wrong? How do I fix this?

Forum|Forum|2 years ago
February 28, 2024
1 reply
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When I download the 1099 info from my brokerage, it populates some of the transactions, but not those involving index options. This seems to be something that is supposed to be entered on form 6781. Do I need to do something so that that happens?

TurboTax Online

M

MinhT1

Please read this TurboTax article on how to report income on Section 1256 contracts.

You'll need to complete form 6781.

To do this in TurboTax Online, please follow these steps:

Click on the magnifying glass icon on the top right of your screen
In the search box, type form 6781
In the search result page, click on Jump to form 6781
TurboTax will take you through a questionnaire where you can enter your information
TurboTax will then automatically split your gains between long-term and short-term to report them on your tax return.

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