I am a little confused. When I calculated my short-term profit, this amount is not shown on Schedule K-1, it would be reported on Schedule D, it is $260. Line 11 on Schedule K-1 has code C which stands for income or loss from contracts & straddles which makes sense for UNG. The income amount is $752. UNG does not give cash distributions. Does this make any sense? I did not make $752 from this trade but yet I have to list that as income. I called UNG and verified that I sold my shares in July 2008 and does line 11 figure take that into account. The rep said yes but I'm not sure if he knew what I was trying to ask. Any help would be appreciated!