topic Received a Schedule K-1 from USO ETF but I am a dependent in Investors & landlords

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

waldana — Wed, 10 Mar 2021 12:58:56 GMT

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?

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

Irene2805 — Wed, 10 Mar 2021 13:26:39 GMT

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?

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

waldana — Wed, 10 Mar 2021 13:44:06 GMT

Thank you!