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Yes, you will, including on the gains before the transfer. I transferred my holdings to a US brokerage as is, will I be taxed on the gains? It is very much possible that in EUR you'll have a loss, but due to currency fluctuations you'll have a gain in USD. Your capital gain (loss) is then the difference between the USD-value of sale and the USD-value of purchase. You calculate the purchase price in USD on the day of the purchase transaction, and the sale price in USD on the say of the sale transaction.
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If I have trades in foreign currency, how are they taxed? I'll try to answer the question I think you're asking. It's really hard to understand what you're telling in your question. My question is - is either of the currency trades (EUR to USD or EUR to GBP) or share purchases liable to trigger an income tax due to currency gain/loss? For example, the trade to USD could be considered against the exchange rate at the time I moved to the USA? Or the beginning of 2014? Or when I was paid the original EUR? Normally I would say a gain is triggered only when converting back to EUR, but since taxes are calculated in USD I am not sure what would be the reference against which a gain/loss would be calculated. I have not traded back to EUR and not sold any shares. Subsequently I converted some of those EUR to USD and one other currency (GBP) and used purchased shares/ETFs in USD and GBP. Since I moved to the US I have made several EUR transfers from my bank account to my brokerage account.
![i have foregin money i want to exchange it in to usa money i have foregin money i want to exchange it in to usa money](https://www.picclickimg.com/d/l400/pict/165544334360_/Casio-fx-9750GII-Graphing-Calculator-White.jpg)
My primary currency in my US Brokerage account is EUR. I also hold a normal foreign bank account with cash EUR, deposited as salary and interest before my move to the USA. This was required as the foreign broker would not accept a "US Person". Following my move I opened a US based brokerage account and transferred all my holdings (unchanged) from my foreign brokerage account. I moved to the USA in 2014 on an 3-year visa and am tax resident for part of the year. I have a question on the tax implications on my foreign currency savings and currency trades.