u/BrilliantNet5920

Let's say that I bought something (stock, bitcoin, etc.) for $10 while living in the USA. 2 years later I sell that stock for $100, but I am now living in another country.

The stock was in a US brokerage account and I made $90 profit so I now have to pay taxes to my new country on these gains. How do I convert to the foreign currency? Do I convert the $90 to the foreign currency using the ratio at the time of the sale? Say that the USD/XXX was 1/10 on the day when I sold (June 6th) the stock, is that what I should use? Is there more to it or do I have the basic idea?