George4Tacks
Level 15

I am rejecting Door #2 "Or do I just calculate the gain or loss in Euro and then convert it to USD at the sales date conversion rate?" 

I do so because that would ignore any gain or loss involved in exchange rate.

How much did the invest cost in US $. How much was the sales price in US $. That difference would be the gain to report on the US tax return. 


Answers are easy. Questions are hard!

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