turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Batu
Level 1

USO Schedule K-1

Hey, last year I traded USO and made really small profits. I'm not a US citizen nor I live in the US. I'm a foreign investor that uses US brokers. Yesterday I received a mail from USO, my K-1 schedule and history of my investments. As a foreigner I don't pay income tax or capital gains taxes to US government. Instead I pay it in my country. So I don't know what I need to with the K-1 schedule. I tried setting up a TurboTax tax return page and it obviously requires my SSN which does not exist. Do I need to take any actions, or just ignore it?

Best,

3 Replies

USO Schedule K-1

You may need to file a 1040NR (non resident) form and will need to apply for an ITIN  neither of which is discussed or supported on this forum. 

 

 

Batu
Level 1

USO Schedule K-1

Thanks a lot! My trade was extremely small and I don't hold anything at the moment.  Regardless,  would you recommend consulting a tax adviser then?

 

USO Schedule K-1

Either talk to someone or start googling the answers. 

Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question

Related Content

Manage cookies