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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.
April 26, 2023
1:44 PM
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Investors and rental owners
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
May 1, 2023
10:45 AM