Hi Mike9241,
The Partnership is ‘UNL 2022 United States 12 Month Natural Gas Fund LP’.
1/ My Schedule K-1:
box H1 Domestic Partner is checked and Foreign Partner = blank
box 5 Interest Income = 95
box 6a Ordinary Dividends = 768
box 11, code = C (Sec. 1256 contracts and straddles) and amt = a loss
box 21 Foreign Taxes paid or accrued = blank
I am a US citizen.
My 2022 Income Tax has not been processed yet and the result is a refund. I called the Partnership and was told that Schedule K-3 will be available by the end of June 2023. When I tried to enter my K-1 in TT as a test, the result is also a refund. If I file an Amend Tax Return in July 2023 to include both K-1 and K-3, I should be OK, right?
2/ Box 13: code = W (Other Deductions), amt = $280.
Box 20: code A (Investment Income), amt = $863. The Rep at UNL told me that box 13 is the deduction that Partnership UNL can pass to the investor. Should I select ‘Miscellaneous Itemized Deductions’?
Thank you so much for your help!
