If so, you'll need to file Form 6781, Gains and Losses Form Section 1256 Contracts and Straddles. Here's a shocker for this time of year: This requirement can be considered good news. Section 1256 contracts get special tax treatment of 60/40. This means that positions held for any amoun...
Form 6781 Department of the Treasury Internal Revenue ServiceGains and Losses From Section 1256 Contracts and Straddles Information about Form 6781 and its instructions is at Attach to your tax return.OMB No. 1545-06442015Attachment Sequence No. 82 Name(s) shown on tax return Identifying number...
Five forms (Schedule J; Forms 8271, Investor Reporting of Tax Shelter Registration Number; 8582-CR, Passive Activity Credit Limitation; 6781, Gains and Losses from section 1256 Contracts and Straddles; and 8586, Low-Income Housing Credit) will be added to e-filing for the 2000 filing season....
Section 1256 Contracts Investmentsthat fall underSection 1256of theU.S. Tax Code, namely, any regulatedfutures contract, anyforeign currency contract, anynon-equity option, any dealer equity option, and any dealer securities futures contract. Section 1256 contracts are treated differently from other ...
Section 1256 contracts Any of several types of futures and options contracts that are subject to a special tax rule of the Internal Revenue Service. Named for a section of the IRS Code, these contracts must generally be treated as if they are sold at fair market value on the last business...