What currency should I put on foreign income?

[cristinahsieh]

I found a instruction that says I should convert the foreign income and put in CAD$ and include the exchange rate on the top. But I noticed when I check the "summary", the summary automatically convert the amount again so the amount is converted twice? Is this correct? Thank you!

[TurbotaxRobert · Accepted solution]

You can either enter the foreign currency in the foreign income and then enter the foreign exchange rate so that the program does the currency exchange for you OR do the foreign exchange calculation yourself and enter the amount in Canadian $, in which case you do not enter the foreign exchange rate in the foreign exchange box   In your case, the system assumed that the Canadian $ amount that you had already exchanged was still in foreign funds and applied the exchange rate you entered again.

[cristinahsieh]

Thank you!!!