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With foreign income coming from a W2, do I include the average US exchange rate for 2020? (1.3415)
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August 9, 2021
12:05 PM
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Investors and rental owners
Yes, you convert the foreign currency to US dollars. The IRS has a chart that can be useful. Read this IRS foreign currency page for more information.
August 10, 2021
1:51 PM