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Accounting for tax on foreign currency portfolios

  • 20-03-2022 9:37pm
    Registered Users Posts: 262 ✭✭ paulmorro

    Hey. Sorry probably covered a hundred times but my searches failed me.

    I’m wondering on how people account for sales on accounts when the majority of the trades are in a foreign currency (in my case USD). I’ve been doing fairly small trades the last few months on US stocks and so have a local currency PnL and will probably put it all back inEuro by November so have a fair gain for the year to tax. But in terms of specifying the profits/losses, I’ve all the details in USD, do I just take a constant exchange rate for the trades and then add on a fx gain/loss when I transfer back to my account or should I be calculating gains on more live rates?