The investment section is for US stocks and investments, correct?
My investment was in an Indian mutual fund account. The cost and sale was in INR. Should I report that in the foreign income section, FBAR form etc? The profit was about $6200 but the value of the account exceeded $10K at some point in the year.
Also when reporting in USD, should I take the difference in INR and then convert, or should I convert both figures (buying and selling) in USD and then take the difference? I have not actually transferred any funds between India and US actually. The source was in INR, and the sale money is also in India only.
