I have already files my tax returns and I just received two Schedule K-1 forms in the mail from Us Oil today.
One for my personal investments and it has nothing to do with 401K, and one for 401K investments. My 401k is called Individual 401K and as far as I know , I need to file RS Form 5500 or Form 5500EZ if assets exceeds over $100K (right not it is not over $100K)
I am not sure what I need to do with these schedule K-1 forms? Please advice, Thanks, Lewis