Received a Schedule K-1 from USO ETF but I am a dependent

[waldana]

I received a Schedule K-1 form from the ETF USO. I am a full-time college student and a dependent. Everything on the form is 0 but line 11 (Other income (loss)) has 27. Do I need to report it? 

[Irene2805 · Accepted solution]

Yes - You do have to report it if you are required to file a tax return.  To see if you're required to file a tax return  please see these TurboTax Help articles:  

• Do I need to file my own taxes if I'm a dependent?
• Do I need to file a federal return this year?

[waldana]

Thank you!