To run a Gains & Losses Report for Section 1256 Contracts for IRS Form 6781:
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Please note that all tax year reporting will show a DRAFT watermark until you have completed the End Tax Year process on the TradeLog file. Final tax reporting should always be generated once the End Tax Year process has been completed.
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For final tax reporting, the report should be run by selecting the All Accounts Tab in a multi-account data file.
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From the Reports menu, click the Section 1256 button.
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If necessary, adjust date range. Click Run Report
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The last page of the report will display the totals needed for completing IRS Form 6781.
With TradeLog subscriptions that include Section 475(f) MTM support, you may run the Securities MTM report to provide details needed for section 3 of Form 6781.
Please refer here for the official 6781 form and instructions: http://www.irs.gov/pub/irs-pdf/f6781.pdf
Note: TradeLog does not contain an automatic function to be able to directly upload your Futures trading total into tax software. You will need to follow IRS instructions for completing Form 6781.
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