@nexchap Trying to make things more clear for myself.... So will TT put all the K-1 info in the correct spot, be it Form 6781 or wherever? I think I read that on the form K-1 that box 11c will go there, but I just don't know for sure, and will TT know to put it there? I'm using 3rd party software (Tradelog) to sort and input all my stock trades. So should I go into Tradelog and adjust my cost basis on my USO to 0, which is what I think you are saying, which will give me a capital gain of $4220 there? (I just want to make sure TT is not doing that adjustment somewhere by itself that I don't know about) Then that will be offset by a $4220 loss somewhere else on the tax return. And then what happens to the extra $1,163? You're saying that is taken care of and basically disappears when I uncheck the "All my investment is at risk" box?
Also, if the K-1 loss does go to 6781 which gives the 60/40 tax treatment, will that matter when trying to match the short term loss from the 1099B adjustment?
Thank you so much for your help!
