Business & farm

@joeygamb Unfortunately, I haven't worked through those forms myself, so hesitate to try to provide any advice.  But at a high level, you know:

• You netted $0:  if TT does something that results in your taxes going lower, there's clearly an error.
• In forms, the K-1 worksheet has a 'Section A' that shows (in col c) 'Net Income (Loss) Allowed'.  Your work on the 'at-risk' stuff is going to result in the numbers that wind up in that column.  If that winds up at roughly $4,220 you're on the right track.
• Some of the terminology you're being hit with actually shows up on the K-1, so should be easy to answer:
  • Ordinary income (loss) is box 1).
  • Sched D income will be the $4220 cap gain you're reporting
  • Every other item will have detailed help if you right click on the answer.
• The int and div you got are increases to your basis.  The loss on the straddle and the 13W deduction are reductions in basis.

Sorry I can't be more definitive.