Thanks for quick reply. Unfortunately I made a mistake. My value for this year is positive, not negative (that was last year's K-1). I read on this forum that a positive amount in this Box 11 (with code C) is taxable income, but it is added to the cost basis when the fund is sold. Is this true and can TurboTax handle this situation? I just put the correct Schedule K-1 into TurboTax, but the income is showing up as "Contracts and Straddles" and Schedule K-1section showing a value 0. I think this is because of the Box 11 code "C". This doesn't look right. Any thoughts ?
