ETF K-1 and K-3 Tax Center

Generally, any capital gains, capital losses, income and expense reported to you on Schedule K-1 and K-3 needs to be included in your tax returns. Investors should consult with a tax professional.

The IRS requires an entity treated as a partnership to provide a Schedule K-1 and K-3 to each partner, regardless of the manner in which the shares are held. (Generally, if shares are held in a tax exempt account, income items on the K-1 and K-3 are not required to be reported in a federal tax return.) Investors should consult with a tax professional regarding their personal circumstances.

The Invesco DB funds are each treated as partnerships for tax purposes. The information must be reported on a Schedule K-1 and K-3.

The Invesco DB funds are Delaware statutory trusts which are treated as partnerships for U.S. tax reporting purposes. Shareholders are required to report there allocable share of income/gain/loss on an annual basis. Certain regulated futures contracts held by the funds are subject to "mark-to-market" taxation of the unrealized gains, under which contacts are treated as if they were sold by the funds at their fair market value at year end. Any resulting gain/loss must be included in a partner's share of taxable income for the year.

Investors should consult with a tax professional. In most cases, capital gains and/or losses on the sale of shares must be disclosed in a tax return. The sales schedule is the result of sales on an investment and included related adjustments to the investor's tax basis.

Investors should consult with a tax professional. This election is generally only applicable when a loss is reported on the K-1.

An investor's tax basis is typically the initial amount paid for the shares (include fees) adjusted by the total amounts of income and gain and/or the total amounts of expense, loss and distributions reports on the K-1. If an investor sold shares, the sales schedule include the total amounts of income, gain, expense, loss and distributions.

In general, cash distributions are not taxable. However, if the cumulative cash distributions received exceed your tax basis, you would have a taxable gain to report.

Invesco DB ETFs are not exposed to UBTI.

Invesco DB funds are required to obtain information regarding ownership interests bought and sold during the year. This information is usually provided in late January. The manager of the Invesco DB funds reviews the information and provides the K-1 and K-3 information as early as possible. In the past, the K-1 information has been made available before March 1st.

Tax year 2023 Schedule K-3 information will be available online by the end of June 2024. Invesco DB ETFs have no foreign sourced income. However, the information may be necessary for certain unitholders with foreign income derived from other sources or investments, or who otherwise have a requirement to report items of international tax relevance. Invesco and Invesco Distributors, Inc. and their affiliates do not provide tax advice. Please seek advice based on your particular circumstances from an independent tax advisor.

If not received in the mail, the K-1 and K-3 can be retrieved from using the "My DB K-1 and K-3 Account" link above.

The information in the K-1 and K-3 was reported to us by your broker. Please see above for the relevant K-1 and K-3 contact phone line information.