Tax form entry for Futures / Options trading

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Austin Trader

I trade futures and options exclusively at different brokers. The futures broker mailed a 1099B with a monthly P&L of all trades. The options broker mailed a trading summary with a total cost basis and proceeds. As I made at least 1000 trades last year, how will I enter these figures on the tax forms? I'm assuming I will not be required to enter each trade individually? Thank you in advance.
 
OK, so I see I can use IRS form 6781 to report the gain / loss on futures contracts. My main question now is if I can report gain / loss on options trades as one entry, or if I need to line item each trade.

As far as capital gains go, are options and equities taxed at the same rate? Thanks in advance.
 
Quote from Austin Trader:

OK, so I see I can use IRS form 6781 to report the gain / loss on futures contracts. My main question now is if I can report gain / loss on options trades as one entry, or if I need to line item each trade.

As far as capital gains go, are options and equities taxed at the same rate? Thanks in advance.
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Stock options and equities are taxed the same way.

Unless you are MTM, I believe most retail traders have to list every single transaction.
 
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