Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 26, 2023 1:44:26 PM

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.

0 1 591
1 Replies
Returning Member
May 1, 2023 10:45:18 AM

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