Investors & landlords

bobp1426,

 

Probably best if you read 

 

https://www.uscfinvestments.com/k1-information

 

closely.  The K-1 is like a 1099-DIV showing your share of gains/losses/etc.  The 1099-B is for the sale itself, reporting the difference between your receipts and your cost.  As that webpage indicates, the numbers on your K-1 do modify the cost basis to report with the 1099-B.  You will have to determine of the 1099-B cost basis has already been adjusted.  The USO prospectus goes into great detail on these topics starting at page 61 of https://www.uscfinvestments.com/documents/united-states-oil-fund-pro-20200612.pdf 

 

Good luck.