USO and tax issues

Discussion in 'Stocks' started by DataCruncher, May 23, 2008.

  1. I have heard that because USO is structured as a partnership(when you buy USO you are buying "units", not shares) , it ends up complicating your tax situation.

    Does anybody have experience with this?
  2. Yes, you get a K-1.
  3. if I short USO, will there be any special tax ramifications? that yahoo thread posted above has got me worried