Hello,
I have generated income from lending money abroad (Croatia) in EUR to a financial institution. Something like peer 2 peer lending. I have a tax statement from this institution, which is pretty simple: total balance and interest income in EUR.
Where and how to declare it in Turbo Tax? Do I convert EUR to CAD at the time of receiving the letter or the last day of tax year? The money were lend at different time to different people/institutions many times during a year.
Is there any threshold? Like if an interest income is less than a certain amount do I need to report it?
What if I had incurred a loss?
Best regards
