Will I still receive k-1 if there is no profit/loss?

Discussion in 'Taxes and Accounting' started by fusiforme, Aug 13, 2024.

  1. I am wondering if I sell a fund which issues a k1 at exactly the same price as it was purchased, will I avoid the k1?

    My situation is: I sold puts on a fund I did not want to own (which issues a k1), which I expected to expire. In the recent flash-crash, the fund tanked, and I got assigned shares. My plan is to sell the shares as soon as they reach my buy price - so essentially I'd just end up collecting the option premium, as I originally intended, and not incur any profit/loss on the fund.
     
  2. ph1l

    ph1l

    fusiforme likes this.