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

[fusiforme]

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.

 

[ph1l]

https://tax.thomsonreuters.com/blog...s are tax forms,versus the corporate tax rate.

K-1s ... report to the IRS a partner’s income, losses, capital gain, dividends, etc., from the partnership for the tax year.

That seems independent of the personal gain or loss when you sell the shares, so I think you should expect a K-1.