Announcement

Collapse
No announcement yet.

1099 -b future contracts

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    1099 -b future contracts

    I rarely come across one of these and would like to see if someone can advise me.
    1099- b

    Amounts in #9 profit/loss on futures contract
    and
    amount in #12 aggregate profit /loo from lines 9,10, and 11

    those are the only two boxes filed out.

    I believe they carry to form 6781, but not sure. Can anyone advise as to what lines they carry to.

    thanks

    #2
    Futures Contracts

    The amount in box 12 should appear on line 1 of Form 6781

    The rest of Form 6781 is rather mechanical

    The amount gets split: 40% short-term and 60% long-term

    and those amounts are then carried to Schedule D

    BMK
    Burton M. Koss
    koss@usakoss.net

    ____________________________________
    The map is not the territory...
    and the instruction book is not the process.

    Comment


      #3
      Thank you

      That is the way I did it, but I wanted to be sure.

      Comment

      Working...
      X