I own shares in USO, which is an ETF. I purchased these shares in 2015, and have not traded at all in 2016. I received a K-1 Form 1065 from the fund saying that I have $17 in income for 2016. However, in my brokerage account, I can see $50 of unrealized losses. If I input just the K-1 into turbotax federal, it computes that I owe $5k in taxes - is there any way to offset this against the significantly larger losses that I am sitting on?
