George4Tacks
Level 15
02-07-2022
04:09 PM
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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!