USO is an Exchange Traded Fund (ETF) which is organized as a partnership. When you own shares in USO, you are considered as a partner and receive a form K-1 representing your distributive share of the income of the partnership. You have to enter this form K-1 on your tax return. The income is taxable. To avoid being taxed twice on this income, you add this income to the cost basis of your USO and have to adjust the cost basis when you sell these shares. https://ttlc.intuit.com/community/business-taxes/discussion/fund-s-k1-form-to-me-shows-income-but-i-have-unrealized-loss-in-brokerage-account/00/694536
Amend tax, 三年之内都可以
嗯，数额不大的话无所谓
USO is an Exchange Traded Fund (ETF) which is organized as a partnership. When you own shares in USO, you are considered as a partner and receive a form K-1 representing your distributive share of the income of the partnership. You have to enter this form K-1 on your tax return. The income is taxable. To avoid being taxed twice on this income, you add this income to the cost basis of your USO and have to adjust the cost basis when you sell these shares. https://ttlc.intuit.com/community/business-taxes/discussion/fund-s-k1-form-to-me-shows-income-but-i-have-unrealized-loss-in-brokerage-account/00/694536
但是1099上已经把USO 的gain算过了呀
就算10%的税率，也要交$200.00的税，如果这个数被发现没报，不知IRS 会怎么做？我们不是内部人员不会清楚规则。自己修改总比IRS找上门好。2021 没报完税的话可以把K-1加上。如果报完把两年的都AMENDED, 用1040X. 时间短利息少。 这只是我个人的想法！当然最好能像上面网友说的IRS 能自动修改，未来追加本金和利息不是很多的话就不用AMENDED 了。
是呀，我也不能理解。我没买过类似的股票，如果1099已包含了dividend，我猜这部分 other income on K-1 box 11 可能 就是 partnership 在从全年的net income把dividend 给过shareholders后, 还有余额部分也要所有成员承担欠税。
roth ira不用交税
对啊，我也是这么理解的，所以没理