Difficulty finding IRS-accepted daily currency exchange rates

💸 moneysocial problemSingle report ●●●●● severity 2/5

A taxpayer reports difficulty identifying a specific, daily EUR to USD exchange rate source that is officially accepted by the IRS for reporting capital gains, dividends, and interest.

Who's affected: A US taxpayer filing taxes with foreign currency income

⚠️ Single report. This is one person's account. We mark it so until more voices confirm it.

What people do today

Using Treasury Reporting Rates of Exchange
Consulting a tax professional
Using historical data from financial news sites

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Ideas a builder, maker or community group could start on:

A browser-based tool that maps IRS-compliant exchange rate sources to specific tax reporting requirements
A verified API service that provides historical daily exchange rates specifically formatted for IRS tax form inputs
A community-maintained database of IRS-accepted exchange rate sources for various global currencies

I want to build this

Real voices

“Where can I find a daily exchange rate from EUR to USD that the IRS accepts?”

Source: Stack Exchange (money) · CC BY-SA 4.0, user-contributed content from Stack Exchange; summarized and modified

Difficulty finding IRS-accepted daily currency exchange rates

What people do today

🔧 Fix this

Real voices

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Difficulty finding IRS-accepted daily currency exchange rates

What people do today

🔧 Fix this

Real voices

Related problems

YNAB app update makes interface difficult to navigate

Inconsistent credit card usage data in Credit Karma

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