importng IB FX trades

[ivanf]

HI,

I'm a new user of FM and I'm just going through the process of importing historic transactions from my IB account.

I have a question regarding FX trades, by default they appear to get treated as cash transactions to the default cash account. Is there a way to have FX trades treated as trades and not lumped in with all the other cash transactions ?

Sorry if I've missed something obvious....

regards
Ivan

[Mark]

Hello Ivan,

Fund Manager doesn't do anything special for FX trades. This is just a buy or sell of cash, the same as any buy or sell of cash. Are you asking to separate your FX trades into a separate investment from your default cash account? Maybe you can give me a few more details on how it is coming in, and how you'd like to see it?

[ivanf]

Hi Mark,

yes it would good if they can get separated out somehow as how would I do a capital gain /loss report to capture the trades if they are "lumped" in with other purchase/redemption cash transactions ?

regards
Ivan

[Mark]

Hi Ivan,

How do you have things set up now? Couldn't you have your default cash account not be reported in the Capital Gains report, but have all your non-default cash included in the Capital Gains report? This way, you get all your FX trades reported on, but not your deposits/withdrawals out of your default cash.

You have control over which investments are included in the Capital Gains report. You can mark investments as "Tax-Free", or there is also a report option to exclude any cash type investment. See "Options / Report Preferences... / Capital Gains".