US tax with foreign stocks advance portfolio
Ignacio Fernandez Ortega
nfernan at gmail.com
Tue Dec 19 18:41:11 EST 2017
Hi,
Question about how Gnucash handles the foreign stocks. My Gnucah main
currency is dollar but I have some stocks in EUR.
Gnucash is updating the basis cost in dollar every time I update the EUR/$
exchange rate in the Advance Portfolio report.
However, IRS requires comparing the selling price with cost basis with the
exchange rate at each specific date.
https://www.irs.gov/individuals/international-taxpayers/foreign-currency-and-currency-exchange-rates
Is there a way to keep the cost basis with fixed exchange rate?
Thanks
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