For those that may not know, by trading DBA as well as any other
commodity fund that operates as a partnership (BOIL, UNG, etc.) you
will receive a K-1 which requires additional steps in tax filing.
Many people don't want to go through it as it does add one extra
complexity to filing. We work through about 15 of them each year
due to ownership of tax advantaged MLP's for retirement income.
Turbo Tax handles them fair but not great and requires about 10
to 15 minutes of manual input per K-1 to ensure complete and
accurate reporting.
Hope this helps someone one way or the other.
Doug
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DBA comments
Posted by matt on 25th of Apr 2013 at 12:35 pm
DBA - Chart Link - can this DBA pig, AG ETF, finally get going? we'll see, one logical place for a stop could be at the higher low of 25.55
DBA - Chart Link
For those that may not
Posted by smoothy on 25th of Apr 2013 at 01:09 pm
For those that may not know, by trading DBA as well as any other commodity fund that operates as a partnership (BOIL, UNG, etc.) you will receive a K-1 which requires additional steps in tax filing. Many people don't want to go through it as it does add one extra complexity to filing. We work through about 15 of them each year due to ownership of tax advantaged MLP's for retirement income.
Turbo Tax handles them fair but not great and requires about 10 to 15 minutes of manual input per K-1 to ensure complete and accurate reporting.
Hope this helps someone one way or the other.
Doug