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Last year I reported a straddle on form 6781. I had losses
Second opinion] Last year I reported a straddle on form 6781. I had losses on an expired put that offset long stock I was still holding at EOY. This year I have sold some of that long stock but I stil… read more
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On a 1099b section 1256 contracts 2020 1099b line 8 profit
on a 1099b section 1256 contracts 2020 1099b line 8 profit or loss realized in 2020 on closed contracts has an amount of 22 dollars and line 9 unrealized profit or (loss)on open contracts has 0 and li… read more
JeffS6413
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Master's Degree
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I'm trying to carry back a commodity trade loss to a prior
I'm trying to carry back a commodity trade loss to a prior year. If the loss was in 2020, what form do I attached to the amended 2019 return? Is it a Form 6781 (Gains and Losses From Section 1256 Cont… read more
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Lane My client has NOL for 2019 from her S corp that ends up
Lane My client has NOL for 2019 from her S corp that ends up on her 1040. We want to carry it back to 2017(when she had income) - what is the right way to do it?… read more
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My client had a hurricane sandy loss in the year 2012. The
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Tax.appeal.168
Tax.appeal.168
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I had a net loss for 2015, the same for 2016. Should I carry
Hi, I had a net loss for 2015, the same for 2016. Should I carry forward the NOL even though I am already at a loss? My thought is that it would put me in a better position for 2017. It's worth noting… read more
Lev
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I have TT Premier. This year I received a 1099- "proceeds
I have TT Premier. This year I received a 1099-B "proceeds from P Barter Exchange Transactions - OMB.1545-0715 -Regulated Futures Contracts-". It indicates figures to be entered on lines 8,10, & 11. I… read more
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I own an S-corp company. I have no other investments. The
I own an S-corp company. I have no other investments. The past few years my Federal Tax was high and I arranged a payment plan with the IRS. This year my company lost a lot of money (over $100,000). W… read more
Lev
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Lane.. my name is***** have a question about a K1 I
hi Lane.. my name is***** have a question about a K1 I received that has a loss in Box 11 but no zero amounts on the 1099B (and there was no sale).. trying to understand what would go on Form 6781, if… read more
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I am a partner of an LLC and have Operating Losses from Schedule
I am a partner of an LLC and have Operating Losses from Schedule K-1. The Company has less than $5m gross receipts over the past 3 years (Eligible Loss). I would like to carry-back NOL to 2012 (back t… read more
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MLP/Schedule K-1 questions:There is no UBI involved (K-1
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In 2015 I had about 500 foreign exchange trades. No 1099
In 2015 I had about 500 foreign exchange trades. No 1099 B form was sent nor was it required. I was told that I do not have to report each individual trade just the total profit or loss for all the tr… read more
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I have a client that has 1256 regulated futures contracts. s
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I have some Section 1256 futures contract losses to deduct
I have some Section 1256 futures contract losses to deduct in 2014 (I won't be trading any more this year) and I also have been taking the $3K/year carry forward capital gains losses as I had some big… read more
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I have a Federal NOL created in 2012, from a NY source. I would
I have a Federal NOL created in 2012, from a NY source. I would like to carry it back to 2010. In 2010, for state purposes, the client is a NY non resident with only a small amount of NY income. Feder… read more
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Can i claim forex losses on line 21 of a 1040 and does the
Can i claim forex losses on line 21 of a 1040? and does the forex account have to be closed, or can I write off losses from accounts that are still open?… read more
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