Timeline for cross-currency accounting
Current License: CC BY-SA 3.0
4 events
when toggle format | what | by | license | comment | |
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Jul 8, 2013 at 17:32 | comment | added | CQM | okay, I can do my own withholding where necessary in this case, thanks | |
Jul 8, 2013 at 17:30 | comment | added | littleadv | @CQM so you treat each separately. You cannot get a 1000EUR gain, then go shopping in Berlin for 1000EUR, and then convert back to USD and say "hey, look, same amount - no taxes, yey!!!", doesn't work this way. You treat it exactly as if you were treating any domestic investment, no difference. | |
Jul 8, 2013 at 17:28 | comment | added | CQM | some of the holdings are an investment, and I do also hedge these holdings with futures, but I also spend these holdings too. Like in some situations the same good/service may cost less (even if the currency appreciated against usd) just because the retailer never updated prices | |
Jul 8, 2013 at 17:24 | history | answered | littleadv | CC BY-SA 3.0 |