Thanks.  So, if those gains/losses would not be considered "foreign" income.  That would mean we wouldn't need to break them out for the K-2, wouldn't it?  And the asset values, since they are held in a US based account, would not need to be broken out either.  Does that sound right?

Honestly, I have searched and searched for an answer and every search comes up with information about non residents or property sales that occur in a foreign country.  Or, more discussion about dividends.