Skip to main content
All CollectionsHoldings Tank
Why you need to convert holdings to Australian Dollars (AUD)
Why you need to convert holdings to Australian Dollars (AUD)

Learn the importance of converting holdings to Australian Dollars (AUD) in TaxTank for accurate portfolio valuation.

Updated over 2 months ago

Why are currencies converted to AUD?

The ATO requires all capital gains and losses to be reported in Australian dollars. That’s why, when adding or selling stocks, shares, or crypto, you must enter the BUY price, SELL price, and any trading fees in Australian Dollars (AUD) in Holdings Tank to ensure accuracy.

What about daily market values?

To give you a real-time view of your portfolio, we also convert the daily market value of listed stocks, shares, and crypto into AUD. This lets you track your total portfolio value, monitor capital gains and losses in one place, and stay on top of your tax position year-round.

Did this answer your question?