You use your gross income (brutto) when entering your foreign earned income. To convert your income from Euros to dollars, go to this IRS site: https://www.irs.gov/Individuals/International-Taxpayers/Yearly-Average-Currency-Exchange-Rates Toenter foreign earned income in TurboTax, please follow these steps: Click on Federal > Wages & Income [Personal > Personal Income in TT Home & Biz]In the Less Common Income section, click on the Start/Update box next to Foreign Earned Income and Exclusion. On the screen Did You Make Any Money Outside the United States? mark Yes and click Continue. On the screen What Form(s) Was Foreign Income Reported On? mark the selection that applies and click Continue. Continue through the screens, entering the requested information.TurboTax will tell you if you qualify for the Foreign earned income exclusion.

TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

sambwalker2121

Level 1

Solved

Do I enter foreign earned income netto or brutto?Can I use today's exchange rate when I convert my foreign income (EUR) to USD?

Forum|Forum|7 years ago
June 5, 2019
1 reply
30 views

No text available

TurboTax Deluxe Online

Best answer by Irene2805

You use your gross income (brutto) when entering your foreign earned income. To convert your income from Euros to dollars, go to this IRS site:

https://www.irs.gov/Individuals/International-Taxpayers/Yearly-Average-Currency-Exchange-Rates

To enter foreign earned income in TurboTax, please follow these steps:

Click on Federal > Wages & Income [Personal > Personal Income in TT Home & Biz]
In the Less Common Income section, click on the Start/Update box next to Foreign Earned Income and Exclusion.
On the screen Did You Make Any Money Outside the United States? mark Yes and click Continue.
On the screen What Form(s) Was Foreign Income Reported On? mark the selection that applies and click Continue.
Continue through the screens, entering the requested information.
TurboTax will tell you if you qualify for the Foreign earned income exclusion.

Irene2805Answer

Alumni - Intuit

You use your gross income (brutto) when entering your foreign earned income. To convert your income from Euros to dollars, go to this IRS site:

https://www.irs.gov/Individuals/International-Taxpayers/Yearly-Average-Currency-Exchange-Rates

To enter foreign earned income in TurboTax, please follow these steps:

Click on Federal > Wages & Income [Personal > Personal Income in TT Home & Biz]
In the Less Common Income section, click on the Start/Update box next to Foreign Earned Income and Exclusion.
On the screen Did You Make Any Money Outside the United States? mark Yes and click Continue.
On the screen What Form(s) Was Foreign Income Reported On? mark the selection that applies and click Continue.
Continue through the screens, entering the requested information.
TurboTax will tell you if you qualify for the Foreign earned income exclusion.