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Get your taxes done using TurboTax
How do we calculate gain/loss in this case. The account is in foreign currency and was never subject to conversion from/to USD. I can calculate year to year difference either:
1. 99euro - 100e = -1e (1.3 USD)
2. 99euro * 1.5 - 100euro * 1.1 = + 36 (USD)
which way is correct in this case ? This is unrealized profit. Its just the fund unit difference.
March 4, 2021
8:20 AM