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Question on Straddles or Section 1256 Contract question and importing of Schedule K-1.
I invested in United States Natural Gas Fund LP, and received a Schedule K-1.
I was able to import the content of the K-1 (with exception of Box 13, Other Deductions) to TurboTax, and it seems that the straddle/contracts portion was populated with the corresponding amount in Box 11C of K-1.
However, after the import, I'm coming across the question in the workflow of Wages & Income, of "Any Straddles or Section 1256 Contracts?".
Since I already observed that the Straddles and Contract section in the Investment Income section is already populated with the K-1 content, should I just respond with "No" to this question?
March 10, 2022
4:28 PM