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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