A K-1 Form 1065 is a tax form used by partnerships, such as master limited partnerships (MLPs), to report the partner's share of the partnership's income, deductions, credits, and other items. Some ETFs are structured as partnerships and issue K-1s to their shareholders.
If you received a K-1 Form 1065 from an ETF, you may need to include the information from the form in your tax return. The specific instructions for reporting the information will depend on your individual tax situation, so it may be helpful to consult with a tax professional or use tax preparation software to ensure that you are reporting the information correctly.
It's worth noting that receiving a K-1 Form 1065 can make tax preparation more complicated, as the form contains detailed information that must be properly reported on your tax return. However, it's important to take the time to carefully review and understand the information provided on the form, as failing to properly report the information could result in penalties or additional taxes owed.
If you have any specific questions about your K-1 Form 1065 or how to properly report the information on your tax return, it may be helpful to consult with a tax professional or contact the ETF's customer service department for guidance.