Hi on my tax return it is asking about a K-1. I am not clear on what is driving this question. It mentions Invesco DB Commodity Index. I don't see that as a current investment. Could this be some type of carry over? Maybe I should have closed this out at some point. What tax form comes from our investment team that would have this information? I don't see a mention of this company anywhere on the 1099s. Is this on another form? It is also listed as 0 nonpassive income. I did see this on the last 2 yrs forms but each one has the same 0 non passive income and I can not find where this data came from. Thanks
A K-1 would be a different form (not a 1099) reporting amounts from an entity such as a partnership, S-Corp, or trust. You may have received it in the past and it has carried over to your current return. You can delete the form if you are no longer receiving distributions from these types of entities. |
Note: K-1 are mostly distributed in late March or April. That is because the entity needs to file their returns first before they can distribute the K-1.