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Yeah, the form lists me as a limited partner in the partnership and lists my purchase price of the ETF as "capital contributed during the year" and my sale pric

Yeah, the form lists me as a limited partner in the partnership and lists my purchase price of the ETF as "capital contributed during the year" and my sale price of the ETF as "withdrawals & distributions". I really don't understand why trading that particular ETF triggers this tax form vs listing the gain or loss on a 1099 just like every other stock or fund I traded. Probably something about the underlying currency trading? But if I had known it was going to mean spending hours researching the correct way to file, I probably would have skipped that particular investment.

ghaff 5y ago
It seems because the fund is basically a bundle of futures contracts and therefore "The Fund is not a mutual fund or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder." But, yeah, I wouldn't have dug that deeply in all probability and I'm sure the details are hyper-technical. https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&ticker=UDN https://www.invesco.com/us/financial-products/etfs/product-d...