- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
1. According to my understanding, policy for mutual funds held in a foreign country are same as for mutual funds held in USA. I have some foreign mutual funds in fidelity and vanguard. Each year, they send tax statements where they show capital gains, interests, dividends on mutual funds in foreign countries. That is okay because these are us investment companies. However, such statements are not be available in many other countries. So there are difficult and genuine problems in such cases. CPA from Turbo should answer.
2. You can get the value of investment on last day of the year. Use exchange rate for that day. Or let CPA suggests a better way.
March 20, 2021
2:00 PM