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USO Partnership K-1 Question
Hi,
I purchased USO ETF through Fidelity 2 years ago and never traded it nor received dividends since then. However, I received a K-1 form this year, on which it shows $5k other income in box 11C, $150 interest income in box 5, and ordinary dividends $191 in box 6a. I don't see these gain in 1099-INT nor in 1099-B and don't understand why those boxes have some positive amounts. If I input these numbers into Turbotax, it incurs $1.5k tax, which doesn't make sense.
Do I need to report these income that I have never seen anywhere on my Fidelity tax forms? Thank you very much for your advice!
‎April 12, 2023
9:28 PM