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Credits and deductions
I have the same question, and am not clear on the answer.
I have a T5 from "dividends from Canadian corporations". I enter the T5 data per the slip into TurboTax.
I have a T5 from dividends on US stocks - box 15 & 16 - foreign income and foreign tax paid; and box 27 foreign currency "USD".
Do I
- enter the values shown on the T5 as is, and TurboTax converts based on the box 27 USD input? or
- convert the values myself using 31 Dec 2024 Bank of Canada conversion rates and enter those values into TurboTax?
2 weeks ago