Based on PowerShares information as listed on the sheet with Ownership Schedule on one side and Sales Schedule on the other side, PowerShares show an example of filing on Schedule D. Any other items as listed in Schedule K-1 should be filed as instruction on page 2 of Schedule K-1.
I just wish I had gotten the form before Feb 16. I filed my taxes the other day, treating this as a regular stock purchase and sale, so now I think I need to file an amendment. I don't expect a large tax impact, but I wish the darn forms had some earlier. Did everyone else get them that late?