The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: import 1256 trades into H&RB? Date:  3/30/2013  8:58 PM
Author:  finfusion Number:  118229 of 127616

Is there a format similar to TXF that I can use in order to import these trades into Form 6781?

What I do is print out an Excel summary of the option trades (one line per trade, showing mark-to-market gain/loss), label as "Attachment x - Index Options; Section 1256 - Supporting Details", and as one entry in the 6781 point to that attachment in the Description box and put the total gain/loss shown at the bottom of the Excel summary.

This approach (both for this and my summaries of stock trades) leads me to file on paper, so I can attach a printout of the Excel attachments to my paper return. (FYI: Although it probably doesn't matter, I don't use H&RB, but Turbo Tax.)

I offer this not so much as advice, but more to see if someone thinks this could cause me problems.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us