When completing the capital gains slips for US capital gains, should I enter the amount shown on my (US) 1099 form, or should I convert it to Canadian dollars?
When completing the capital gains slips for US capital gains, should I enter the amount shown on my (US) 1099 form, or should I convert it to Canadian dollars?
As per CRA- If the amounts on your foreign income slip are reported in a foreign currency, convert them to Canadian dollars before you enter them. If the amount was paid at various times throughout the year, use an average annual exchange rate.
For foreign non-business income that is not on a T-slip (including US social security), do not convert the amounts to Canadian dollars before you enter them. TurboTax converts the amounts automatically based on the exchange rate you enter.
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