Thank you for the additional information. UVXY and SVXY are ProShares Exchange Traded Funds (ETFs) that seek to profit from changes in S&P 500 VIX Short-Term Futures Index over the course of a single day. You are correct in that both funds have been structured as limited partnerships. Accordingly, they will send a Schedule K-1 to their investors.
ProShares has indicated that investors should expect to receive their Schedule K-1 in mid-March. Have you received your Schedule K-1? Your Schedule K-1 may differ from what is reported on your 1099-B which you may get from your broker. However, you will need your Schedule K-1, along with your broker's 1099-B, to calculate your gains/losses with respect to these ETFs. It can be a rather complicated process and if you have many transactions, it may take some time entering your information into TurboTax.
Here is a link to the Prospectus for UVXY and SVXY which was obtained from the Proshares website. It's a lengthy document, but if you select Ctrl and F on your keyboard (PC) or Command and F (Mac) and enter in the search box the term "tax" (you don't need to include the quotations) you can review the pages that relate to taxes to get a better understanding of how to report your gains and losses.
Pro Shares Trust II_UVXY and SVXY
@ndc24075
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