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If am filing in Quebec, Canada. A business that pays me in USD and my investments are in USD as well. It doesn't ask me what currency. How do I file the amounts?
June 8, 2024
12:51 PM
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Investors and rental owners
Entering any foreign amounts into TurboTax varies:
- If the amounts on your foreign income slip are reported in a foreign currency, convert them to Canadian dollars before entering them. If the amount was paid at various times throughout the year, use an average annual exchange rate.
- For foreign non-business income that isn't on a T-slip, do not convert the amounts to Canadian dollars before entering them. TurboTax converts the amounts automatically based on the exchange rate you enter.
Thank you for choosing TurboTax.
June 12, 2024
1:21 PM