Should I input foreign income amounts in CAD, or in relevant foreign currency? Note, TurboTax requests me to input "exchange rate" on the same page.

raymondng · ‎April 26, 2023

HebaE · ‎May 1, 2023

Hi

No. You put the foreign income in the currency of the foreign country. Then you enter the exchange rate. TurboTax will convert the amount. Please see the following example:

The $25,000 in USA dollars

Thank you for choosing TurboTax

Should I input foreign income amounts in CAD, or in relevant foreign currency? Note, TurboTax requests me to input "exchange rate" on the same page.

Investors and rental owners