I traded UVIX ETF in 2024 and all my buy/sell transactions are reported on my 1099-B from Charles Schwab. All of sudden I received another K-1 from Tax Package Support for this UVIX with some huge other income amount on it. The only thing I can match up K-1 with my 1099-B are the transactions dates and shares I bought/sold in 2024, but the cost base and gain are different from 1099-B and don't understand how they come up those numbers.
The most important thing is I never received ANY INCOME from UVIX ETF other than just traded it few times during year which reported on the 1099-B already.
1)- First, am I reporting the same income on 1099-B and K-1 for the UVIX trading ?
2)- How do I adjust the cost base of UVIX trading ? Please help with the detail steps in TT of how to ...
Please kindly help and thank you very much in advance.
John Z.
