Information in boxes 8-11 on form 1099-B reports information about gain and loss from Section 1256 Option Contracts (Mark to Market).
Boxes 8, 9, and 10 are all used to figure the aggregate profit or (loss) on Section 1256 option contracts for the year. The net figure is then listed in box 11, which according to the 1099-B instructions should be reported on Form 6781.
How do I enter Form 6781?
To locate and complete this form in the program log in and click on:
- Federal
- Income (select my forms)
- Less Common Income
- Gains and Losses From Section 1256 - Form 6781
- Your amount falls under the "Net Sec 1256 Contracts Loss"
- Contracts Marked to Market (Section 1256) is where the amount in box 11 should be entered.