How to Complete IRS Form 6781 - Simple Example

The IRS Form 6781 should be included with your U.S. federal tax return if you are reporting income related to futures contracts and straddles.

When a taxpayer trades regulated futures contracts (Section 1256) the gains and losses from trades are split between long term and short term capital gains. The taxpayer also "marks to market" the open positions at year-end.

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DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.