Thank you so much, the IRS 1065 instruction make me confused, says:" Do not file it with your tax return
unless you are specifically required to do so." My understanding now is limited partners of ETF like USO or BNO are required to file k1 and pay tax even the fact of this "income" is not a real distribution. So the rule is in favor of corporations but bad for our small limited partners/share owners. Am I right? Please let me know if I am wrong. Thank you again!
