Form 6781 - Section 1256 Contracts and Straddles - Futures Contracts
1
For futures contracts, the Form 1099-B that you receive needs to be reported on Part I of Form 6781, Gains and Losses From Section 1256 Contracts and Straddles. You cannot import this type of transaction into the TaxAct program; you need to manually enter it.
To access Form 6781 in the TaxAct program, follow the steps below.
Online
Dashboard
From within your TaxAct return, click Income.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Explore More drop-down.
Click Add beside Contracts & Straddles.
Complete the rest of the interview process.
Classic
From within your TaxAct return, click Federal.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Investment Income drop-down, then click the Gain or loss on the sale of investments drop-down, then click Futures or foreign currency contract reporting (Form 6781).
Complete the rest of the interview process.
Desktop
From within your TaxAct return, click Federal.
Click the Investment Income drop-down, then click the Gain or loss on the sale of investments drop-down, then click Futures or foreign currency contract reporting (Form 6781).
Complete the rest of the interview process.
Your request has been submitted
You have been successfully added to the TaxAct Do Not Sell list.