Monty
Level 2

I have a client that bought a stock in Euro in two purchases over time. They sold the stock several years later. How do you calculate the gain or loss? Do I need to convert each puchase to US dollars at the exchange rate at the time and convert the sale price at the converation rate at the sale date? Or do I just calculate the gain or loss in Euro and then convert it to USD at the sales date conversion rate?

0 Cheers