i know uso issues k-1s - so i'm avoiding that etf do any other etfs issue k-1s? why is the fund set up as a partnership?
What is a K-1? How does that affect my tax situation? I just day traded it a few times and i receive something (probably s the K-1), but i ignored it.
if you get a k-1, that means you are a partner in a business and you have to file your taxes a little differently nots not that big of a deal but if other commodity etfs follow the same business model then it would suck geting like 5 k-1s i wonder if you get a k-1 if you short and cover without ever taking a long position?