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Business & farm
I received a K-1 as a result of USO stocks purchased and sold with a loss in 2020 along with a great deal of other stocks and this is the only one I am completely confused about. My K-1 actually shows beginning and ending profit, loss, and capital of 0.0 and the only numbers on the form that is not 0 os the Partners capital account analysis which shows capital contributions during the year of $31,000 and then withdrawals and distributions of the same amount ( this is also the amount paid for the stock at time we purchased) .
I really hate to ask a stupid question and I have tried to find something specific online that I must be missing before posting this but I am at a loss.
Any and all input is very much appreciated.
‎April 22, 2021
8:00 PM