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RIGHT to INFORMATION ACT FORM a Section 6 1 and 7 Ksfc

RIGHT to INFORMATION ACT FORM a Section 6 1 and 7 Ksfc

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okay for this video i wanted to cover a very simple example of a form 6781 uh this is a form that's included with your u.s tax return to report gains and losses from trading futures contracts so section 1256 futures and other types of straddles um so we've got a very simple example in front of us i got the 6781 that's going to be going along with the form 1040 for john and then we also have a sample consolidated 1099 b that was prepared by the broker sent to john and then the irs gets a copy as well so on the 1099b we have a consolidated 1099b that is we have a lot of information right so we have the 1099 div section up here where dividends and distributions are reported and then we've got a miscellaneous income section 1099 miscellaneous and then we've got 1099 b here for the section 1256 contracts and then at the bottom also reporting uh the sales and other dispositions of other securities right so the section we're going to be focusing on here is the section 1256 contract piece so w

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