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April 26, 2023
Question

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.

  • April 26, 2023
  • 1 reply
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    1 reply

    HebaE
    May 1, 2023

    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