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March 22, 2021
Question

How do you enter the proper currency exchange rate when turbo tax won't accept the CAD rate which is lower than the USD.

  • March 22, 2021
  • 1 reply
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The question asks for - the Exchange Rate used to value account in US$.  The blank won't accept a number less than 1.00

1 reply

March 23, 2021

What section of TurboTax are you in?

 

Generally, you have to convert any Foreign Income you received to US Dollars to enter in TurboTax.

 

Click this link for info on Reporting Foreign Income