Are you asking your accountant to do it? How much is charged?
No I do the forex myself, but it is too complex to explain how it works here.
I only use IB reports as independent confirmation of what I buy and sell, dividends received, withholding tax paid and interest paid and received. I do everything on a spreadsheet, usually the day after when the IB activity reports are produced. This makes it much easier to keep track of things. The IB reports themselves are a dogs breakfast, particulalrly full year reports, and I am not sure how any accountant could decipher them unless they do it regularly.
Dividends received, withholding tax paid, interest paid and interest received are recorded for Australian Tax by converting to Australian dollars using the exchange rate of the transaction date that they are posted to your foreign currency account. It doesn't matter when the funds are repatriated to Australian dollars (this might never occur if you decide to leave everything in US currency).
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How do you calculate Capital Gain/Loss with foreign shares???, page-6
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