I have checked various threads in the past but I don't know if this particular subject was breached.
When preparing your tax return, it is sometimes necessary to put in your cost basis and sales prices to determine gain or loss. How would you determine your cost basis in a fx transaction? Lots multiplied by currency price? For some reason, that formula doesn't seem to always work. I would appreciate any help. Thanks.
When preparing your tax return, it is sometimes necessary to put in your cost basis and sales prices to determine gain or loss. How would you determine your cost basis in a fx transaction? Lots multiplied by currency price? For some reason, that formula doesn't seem to always work. I would appreciate any help. Thanks.