Agreed, the $3,220 is not the "revenue" per se. Since "beginning account" was "0", then added capital ($2,400 to buy the ETF). Then over the holding period had account income of $820, then withdraw everything ($2,400 +$820=$3,220) leaving the "Ending Capital Account" as "0". So to make everything balance, I will increase the "Cost Basis" on my 1099-B form (since it's not reported to the IRS) until my tax is the same as it was without the K-1. Looks like I'll have to add almost $230 to make it balance. I guess that's because the way a K-1 is treated (short and long term) versus how a simple short term stock transaction is treated.
Thanks for the help
