Hi,
I'm a US citizen now living in the UK and I'm wondering how to calculate GBP to USD for each month of the year for 2022?
The UK has a monthly exchange conversion chart to convert USD to GBP for reporting my US income to the UK. For example, my October US income of $3,580 is divided by 1.1331 to equate to £3,157.47 of taxable income to the UK; my April US income of $3,580 is divided by 1.3212 to equate to £2,709.66 of taxable income to the UK.
Does the IRS provide a similar chart (in reverse) so I can report my income to the IRS? I know the maximum exclusion amounts, but I still need to know the answer to my question for future reference.
Thanks much and Happy New Year!
Frank
