@nexchap Thanks for all the responses you gave to everyone, that helped me a lot!
I have a slightly different question from everyone: I did buy some USO in 2020 but haven't sold yet. I received a k1 with some "other incomes" (11C). So if I understand correctly, this year I am paying taxes on those incomes, even though I haven't sold anything, and if say I sell this year, then on my next return in a year I'll change the cost basis and ultimately get back this money, am I correct?
What surprises me is that I always try to do my taxes with 2 different softwares (to check everything computes correctly), and when I entered the same information in the other software, it didn't make me pay any taxes on those "other incomes".
Thanks!
