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Is it safe to assume that I can just divvy up Basis Adjustments and Ordinary Gain as long term and short term proportionally by using Column 9, Percentage Long Term?

 

Yes

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1. I bought then completely disposed of USO during the year. My Sales Schedule does not show an Ordinary Gains column. Column 7 instead reports Percentage Long Term. Am I to assume that there are no Ordinary Gains and that all gains or losses were Capital?

Correct.  Ordinary Gains don't occur in every partnership.  If they're not reported, you don't have to deal with them.

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2. USO underwent a reverse split while I held it and I wound up with 1/2 share which my broker gave me as Cash in Lieu <$20. This shows up in my broker statement's Supplemental Information but I can't find where or how it was reported to the IRS. Additionally, the Sales Schedule shows the 1/2 share being sold around the time of the split with the remaining 12 shares sold on the correct date in December. The Initial Basis Amount for the 1/2 share is off by about $1 but for the 12 shares it is way off (1099-B says $418, Sales Schedule says Initial Basis of $432 plus Adjustment of $2 = Cost Basis of $434). Does the Cash In Lieu have anything to do with this and how would I enter these transactions?

The partnership gets its initial basis info from your broker, so there shouldn't be a disconnect when it comes to what you actually spent as a starting point.  But the broker may adjust your purchase downward on the 1099-B for any distributions (which is useless, since it isn't a full adjustment, but also confuses everyone who tries to figure out the number), so that may be part of it.  The 1/2 share accounting may be part of it also.  You'll want to start with your own records of what you spent and work from there to make sure you understand where the different numbers come from.  If you can't, the broker or partnership ought to be able to add guidance.