The company I work for runs an ESS granting foreign (US/NASDAQ) shares. A few times this year I've sold those shares but, rather than immediately converting the proceeds from USD to AUD, have instead held them as USD with the broker, then converted them at a later date.
To report the capital gains/losses from those sales, do I have to somehow account for the delay between selling the shares and converting the currency, or is only the date of the sale itself relevant?
Using made-up numbers just for example, this might look like:
(1) Acquire US$8000 in shares (exchange rate on day = 1.3 AUD per USD)
(2) Sell the same shares for US$10000 (exchange rate on day = 1.4)
(3) Convert US$5000 to A$7500 (exchange rate on day = 1.5)
(4) Convert remaining US$5000 to A$8000 (exchange rate on day = 1.6)
Does this boil down to simply [gain = (1.4 * 10000) - (1.3 * 8000) = A$3600] from (1) and (2)? Or do (3) and (4) have to be accounted for as well?
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