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

Form 6781 (2015)

Page

Part III

Column (a)

Line 11b

Enter the property and delivery date,

Include this amount on Schedule D

Complete Part III by listing each position

and indicate whether the property is a

(Form 1040), line 11; or on Schedule D

(whether or not part of a straddle) that

long or short position.

(Form 1041), line 11.

you held at the end of the tax year

(including any position you are treated

For other returns, enter it in Part II of a

Column (d)

as holding because it is held by a

Form 8949 with Box F checked. Enter

For positions closed out or sold, enter

related party) if the FMV of the position

“Form 6781, Part II” on line 1 in column

the closing price or sales price.

at such time exceeds your cost or other

(a). Enter the (loss) as a negative number

basis as adjusted.

(in parentheses) in column (h). Leave all

Column (e)

other columns blank.

Don't include positions that are part

For positions closed out or sold, enter

of an identified straddle or hedging

Line 13a

the cost or other basis plus

transaction, property that is stock in

commissions paid. Include

Include this amount on Schedule D

trade or inventory, or property subject to

nondeductible interest and carrying

(Form 1040), line 4; or on Schedule D

depreciation used in a trade or business.

charges allocable to personal property

(Form 1041), line 4.

Don't complete Part III if you don't

that is part of a straddle. If any part of

For other returns, enter it in Part I of a

have a recognized loss on any position

an unallowed loss from an offsetting

Form 8949 with Box C checked. Enter

(including section 1256 contracts).

position established in an identified

“Form 6781, Part II” on line 1 in column

straddle after October 21, 2004,

(a). Enter the gain in column (h). Leave all

increased your basis in the position, also

Paperwork Reduction Act Notice. We

other columns blank.

include that amount. See Pub. 550 for

ask for the information on this form to

details.

carry out the Internal Revenue laws of

Line 13b

the United States. You are required to

Line 10, Column (f)

Include this amount on Schedule D

give us the information. We need it to

(Form 1040), line 11; or on Schedule D

Include in this column any loss not

ensure that you are complying with

(Form 1041), line 11.

allowed in the prior year to the extent of

these laws and to allow us to figure and

the unrecognized gain.

collect the right amount of tax.

For other returns, enter it in Part II of a

Form 8949 with Box F checked. Enter

You are not required to provide the

Line 10, Column (g)

“Form 6781, Part II” on line 1 in column

information requested on a form that is

Enter the unrecognized gain on positions

(a). Enter the gain in column (h). Leave all

subject to the Paperwork Reduction Act

offsetting those in columns (a) through

other columns blank.

unless the form displays a valid OMB

(f). Figure the amount to enter in this

control number. Books or records

Collectibles gain or (loss). A

column by subtracting the cost or other

relating to a form or its instructions must

collectibles gain or (loss) is any

basis of the offsetting position from the

be retained as long as their contents

long-term gain or deductible long-term

settlement price of that position as of

may become material in the

loss from the sale or exchange of a

the close of the last business day of

administration of any Internal Revenue

collectible that is a capital asset.

your 2015 tax year.

law. Generally, tax returns and return

Collectibles include works of art, rugs,

information are confidential, as required

Lines 11 and 13

antiques, metals (such as gold, silver,

by section 6103.

and platinum bullion), gems, stamps,

Separate recognized gains and losses

coins, alcoholic beverages, and certain

The time needed to complete and file

into short-term and long-term. Attach a

other tangible property.

this form will vary depending on

separate statement for each. For

individual circumstances. The estimated

If any of the gain or loss you reported

information about holding periods for

burden for individual taxpayers filing this

in Part II is a collectibles gain or (loss)

straddle positions, see Pub. 550 and

form is approved under OMB control

and you are filing Form 1040 or Form

Temporary Regulations section

number 1545-0074 and is included in

1041, follow the instructions below for

1.1092(b)-2T.

the estimates shown in the instructions

the form you file.

Attach separate statements for (a)

for their individual income tax return. The

Form 1040. If you checked “Yes” on

section 988 contracts that are part of a

estimated burden for all other taxpayers

line 17 of Schedule D (Form 1040),

mixed straddle, and (b) any gain on the

who file this form is shown below.

include the collectibles gain or (loss)

disposition or other termination of any

Recordkeeping .

10 hr., 31 min.

from Part II on line 3 of the 28% Rate

position held as part of a conversion

Gain Worksheet in the Instructions for

transaction (as defined in section

Learning about the

Schedule D (Form 1040).

1258(c)). Identify the net gain or loss and

law or the form .

1 hr., 57 min.

report it on Form 4797, line 10.

Form 1041. If you must complete the

Preparing the form

. 3 hr., 9 min.

28% Rate Gain Worksheet in the

Line 11a

Copying, assembling,

Instructions for Schedule D (Form 1041),

and sending the form

Include this amount on Schedule D

include the collectibles gain or (loss)

to the IRS .

. 16 min.

(Form 1040), line 4; or on Schedule D

from Part II on line 3 of that worksheet.

(Form 1041), line 4.

If you have comments concerning the

For other returns, enter it in Part I of a

accuracy of these time estimates or

Form 8949 with Box C checked. Enter

suggestions for making this form

“Form 6781, Part II” on line 1 in column

simpler, we would be happy to hear

(a). Enter the (loss) as a negative number

from you. See the instructions for the tax

(in parentheses) in column (h). Leave all

return with which this form is filed.

other columns blank.

Form 6781 - Gains And Losses From Section 1256 Contracts And Straddles - 2015 Page 4

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