Washington Mutual WAHUQ Trust Prf (fka WAHUQ)

[Rumble]

I wouldn't rely on the trust or E-trade to get the basis calculation correct; you should definitely be tracking your own basis. Your accountant should be able to help you track this based on your purchase history and what you've already reported thus far.

The income on the K-1 should likely be reported simply as it is stated; that should be easy for any accountant worth his salt. However, the payoff of the notes may require some gain/loss reporting depending on how much basis you "elected" or was reported as allocated to the notes themselves.