Help filing final K-1 form due to trading UVXY ETF in 2024

Hi,

I traded UVXY (proshares ultra vix short term futures ETF) last year which appears to be a publicly traded partnership (PTP). I didn't even know this was going to be this complicated when it comes to filing tax.

I filed my tax earlier this year and then schedule K-1 and K-3 (form 1065) was sent to me afterward. I am amending my tax to include this schedule. I had done some research around here and had been using this as a guide https://ttlc.intuit.com/community/taxes/discussion/help-filling-out-sale-information-for-final-k-1/0... with some differences. Mine doesn't appear to be as complex since I traded Proshares Short Term Futures ETF (UVXY). Also I used this one too https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/form-k1-and-1099-b-av... but I have a few questions as I'm trying to finalize my amended tax. 

Here is my case.

1. When I filed my tax earlier this year, I had included the capital gains for UVXY that was part of form 1099B. I paid tax on this already.
2. I got schedule K-1 (and K-3). Schedule K-1 was mailed to me but for some reasons, I saw schedule K-3 when I got an E-copy of K-1. 
3. I entered the information on schedule K-1 and K-3 in Turbotax desktop
4. It appears to generate a copy 2 of form 8949 with the UVXY info (based on what I entered)
   1. This is marked with (C) short-term transactions not reported to you on Form 1099-B
5.  Form 6781 was also created to include the section 1256 contracts and straddles based on Schedule K-1 box 11 (C) Other Income (loss)
6. After I entered all of the information on schedule K-1, I noticed my money owe went up a few dollars

Now, do I need to make any adjustment to form 8949 (copy 1) where all my trades are recorded?

This is the part I'm not  sure about.

.

Here are the details of what I did in Turbotax

1. Choose the Type of Partner 
   1. Selection: Limited Partner or Other LLC Member
2. Type of partner 
   
   1. Selection: domestic partner 
3.  Percentage of your share
   
   1. Selection: didn't enter anything. This was where I had to enter Profit, loss, capital on beginning and ending columns
4.  enter your liability share
   
   1. Selection: didn't enter anything here as well. This is Nonrecourse, Qualified Nonresource, Recourse on beginning and ending columns.
5. Enter capital Account Information (basically matching row L in K-1 form)
   
   1. Opening capital account: 0
   2. capital contributed during 2024: 19,610
   3. current year net income (loss): 3061
   4. Other increase (decrease): 0
   5. withdrawls and distributions: -22,671
   6. ending capital account: 0
6. Describe the partnership 
   
   1. Selection: selected both "This is a publicly traded partnership" and "this partnership ended in 2024"
7. Describe partnership disposal 
   
   1. Selection: Complete disposition
8.  Tell us about your sale
   
   1. Selection: Sold partnership Interest
9. Enter Sales Dates 
   
   1. Selection: The purchase time and sold time varied but I entered purchase date as the first day I entered the position and sale date as last date I sold the remaining shares.
   2. Let me know if this is correct?
10. Enter Sale Information  (there were 2 columns)
    
    1. Regular Gain or Loss Column
       1. Sales Price: 23,810 (this was a bit confusing to me but I ended up using the sale proceeds for UVXY in form 1099B)
       2. Selling Expense: left this blank
       3. Partnership Basics: 22,671 (I used the value on row L in form K-1)
       4. Ordinary Gain: left blank
       5. 1250 Gain: left blank (since box 9c on form K-1 was empty)
    2. AMT Gain or Loss
       1. Partnership Basis: 22,671
       2. Ordinary Gain: left blank
       3. 1250 GainL left blank
11. Review Investment Gain or Loss on Sale
    1. Shorter-term Gain (Loss): 1,139 on both columns "regular gain or loss" and "AMT Gain or loss"
    2. Long-Term Gain (Loss): both columns zero
12.  Choose Type of Activity
    
    1. Selection: Other
13. I checked the boxes that have an amount which were boxes 5, 8 (this is 0), 11 (with C designation), 13 (AE designation), 16 (checked marked), and 20 (with A and B designation)
14.  Enter info from boxes 4-7
    
    1. box 5: 45
    2. box 8: 0
    3. Box 11: C - sec. 1256 contracts and straddles: 3,026
    4. Box 13: AE - Deductions - portfolio Income: 10
    5. Yes box 16 is checked
15. Proceeded to enter form K-3 in Turbotax 
16.  Enter gross income info
    
    1. Foreign Gross Income - gross income sourced at partner (column F): 3026
    2. foreign gross income - gross income from all sources (column G): 3,071
17.  Enter deduction info (I think this one is coming from box 13)
    
    1. Deduction allocated at individual level - interest expense (column F - sum of lines 39-43): 0
    2. Deduction allocated at individual level - Other (column F - line 54 minus sum of lines 39-43): 10
18. Enter foreign tax info 
    
    1. left all boxes empty
19.  Enter Income Detail (got to this page where TT pre-filled)
    1. Gross Income: 3,026 (total and US. source columns)
    2. Other expenses: 10 (total and US source columns)
20. Enter box 20 Info 
    
    1. A - Investment income: 45
    2. B - investment expenses: 10
21. Describe the partnership 
    
    1. Left it all blank but options were (sorry for typos, typing as fast as I can):
       1. I am required to pay supplmental business expenses on behalf of this partnership/llc for which I am not reimbursed
       2. i have passive inactivity losses carried over from last year
       3. all of my investment in this activity is at risk
       4. i have at-risk losses carrying over from 2023
       5. i personally paid health insurance and/or long-term care insurance preiums ofr. myself and for my family
       6. i have passive activitiy credits to claim from this publicly traded partnership (this is not common)

That's it and it went back to the summary page and I clicked Done. Let me know if I should include an image of part III of form K-1 in here for clarity.

Can someone help me verify if what I entered were correct?

As mentioned above, I saw form 6781 and 8949 (copy 2) generated (copy 1 has all my stock trades info). My tax owed went up a few bucks. I had already paid the UVXY capital gain when I filed earlier this year.

Now I don't know if I need to make any adjustment to the cost basis for UVXY in form 8949 (copy 1). Can someone please help me?

@Rick19744, appreciate your help if you are available to take a look at my question. Sorry, only pinging you because I saw you had help people with schedule K-1 questions.

Anyone who is also available, I appreciate the help as well. I know this is late and I only got 3 days left to e-file this amended tax return.