How do to fix the cost of US security in CAD exchange rate at time of purchase?
edited April 2021 in Investments (Windows)
I need to know the cost of a security purchased in US dollar account in terms of Canadian dollars using the exchange rate at the time of purchase for the purpose of calculating the average cost for capital gains tax purposes. For this purpose, I need to fix the exchange rate at the time of purchase. How can I do this?
Thank you for taking the time to visit the Community to ask your question, although I apologize that you have not received a response.
At this time, there is no report or automated process to determine this information within Quicken. I would recommend locating the currency rate for the time of the transaction from a reputable source to calculate this amount.
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Thank you for your response -- this is a critical need for managing tax on investments in Canada and so I am disappointed that it is not available. I did not find the voting button at the top this post so I could not vote for it. Please let me know how I can vote.1