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 in the TaxAct program; you need to manually enter it.
To access Form 6781 in the TaxAct program:
Based on the information you enter, the TaxAct program completes the Form 6781 calculations so that 40% of the gain or loss is reported as short-term on Line 8 and 60% of the gain or loss is reported as long-term on Line 9 of the form. The TaxAct program transfers short-term gains and losses to Line 4 of Schedule D (Form 1040), and long-term gains and losses to Line 11.
Note that any link in the information above is updated each year automatically and will take you to the most recent version of the webpage or document at the time it is accessed.