Hi all,
My tax guy is asking for the Cost basis (ACB) of the forex trades. I'm trying to figure out if a spot forex trade is the same as an options or futures trade? Is this the case? I'm not sure how to lay out each trade... or report the ACB.
So say for instance I have a trade like this:
0.04 lots of GBPJPY
Open Price: 141.589
SL: None (hidden)
TP: 140.592
Close: 140.59
Swap: -3.561
Profit: 48.64
How could I report on the cost basis of this trade?
Thanks in advance!
How would I calculate the cost basis of this?
My tax guy is asking for the Cost basis (ACB) of the forex trades. I'm trying to figure out if a spot forex trade is the same as an options or futures trade? Is this the case? I'm not sure how to lay out each trade... or report the ACB.
So say for instance I have a trade like this:
0.04 lots of GBPJPY
Open Price: 141.589
SL: None (hidden)
TP: 140.592
Close: 140.59
Swap: -3.561
Profit: 48.64
How could I report on the cost basis of this trade?
Thanks in advance!
How would I calculate the cost basis of this?