I received a schedule K-1 because I bought United States Oil (USO) on Robinhood.
I have amount $48 in box 11C. It has the description "Other income - Section 1256 contracts and straddles - Reported on Form 6781, Line 1. For more instructions regarding Form 6781 please refer to the IRS' website - [www.irs.gov](https://www.irs.gov)."
How should I fill this out on Form 6781 on Turbotax? I am confused because I never traded any futures myself but it was done by the partnership.
What Do I fill out for the following questions that Turbotax asks?
Question 1: Any Elections?
Check the box for any applicable contract and straddle? elections that you want to make.
* Mixed straddle election
* Straddle-by-straddle identification election
* Mixed straddle account election
* Net section 1256 contracts loss election
Question 2: check anything that applies
Do I check this? Section 1256 contracts marked to market
Question 3:
* Broker: ?
* 8 - Account Description: ?
* 11 - Total Profits/Loss: 48?
I am not sure what Broker was involved and what to write as the account.
another question is regarding the missing K-3. Box 16 was checked but the letter also says that K-3 won’t be available until June. Should I just uncheck that in the K-1 questionnaire?
