Please follow these steps:
Thank you for choosing TurboTax.
Do you enter figures in the foreign dollars or domestic ie. Canadian dollars?
You need to enter your foreign income in Canadian dollars.
Thank you for choosing TurboTax.
Moderator says "You need to enter your foreign income in Canadian dollars"
Believe incorrect whereas for example if you have $100k of US income and at say 1.5 exchange rate, if you entered $150k as suggested (and enter the 1.5 exchange rate as required) Turbo Tax will say you had $150k X 1.5 = $225k of income???
Please check your response.
Moderator now says "Do not enter anything in the exchange rate box."
Really!!! Then why does the rate box exist, it is obviously functional, this is nuts!
I think you are very misinformed about the software's design and use.
Are you using the TurboTax desktop or online software?
You will go to easy steps, then enter your foreign slip. Once done, Click on done, then scroll down the next page and enter new foreign income.
Thank you for choosing TurboTax.
I get that, I will repeat my question: do you enter the income is foreign dollars (ie. $100 US dollars) and let Turbo Tax covert to Canadian dollars via me providing the exchange rate, or do I convert offline and enter the Canadian dollars? (please see my initial post).
Can I speak to anyone who can help me? (ideally someone who knows the software's functionality)
I just do not understand how turbotax is unable or unwilling to answer such a simple question (let alone to-date has only provided incorrect responses)???
Contact our phone support team so that they can view your screen and assist you further.
This makes no sense for such a simple question as on the Foreign slip do you input figures in either a) the foreign currency or b) Canadian dollars?
LOL wrong again, as I informed you prior, turbotax will covert the Canadian funds a second time at the exchange rate which turbotax requests.