2023 Form 6781 - Gains And Losses From Section 1256 Contracts And Straddles

Form 6781, "Gains and Losses From Section 1256 Contracts and Straddles," is typically used to report gains and losses from certain financial instruments, specifically those classified as Section 1256 contracts. Section 1256 contracts include regulated futures contracts, foreign currency contracts, non-equity options (such as commodity options), and dealer equity options.

The primary purpose of Form 6781 is to separate the income from Section 1256 contracts from other capital gains and losses. The tax treatment of gains and losses from Section 1256 contracts is different from other capital gains and losses.

For the current tax year version of Form 6781, please go here.