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M
SVXY k-1 and Turbotax
If I'm not mistaken (based on a sample base of 1, of my own K-1), values in the Cumulative Adjustment to Tax Basis column would appear only on you held the ETF on the first trading day of the month. At least these are the days when an adjustment is entered. Any other days, it is zero. Check the...- mic
- Post #52
- Forum: Taxes and Accounting
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M
SVXY k-1 and Turbotax
Sprstpd: I found this thread today (it's 2017 now), and you are still the only one on the internet who properly explained this. Kudos! I ran into this with UVXY, and I figured the cumulative adjustments to tax basis would somehow offset the capital gain/loss reported on K-1 (I noticed that they...- mic
- Post #49
- Forum: Taxes and Accounting