AmyC
Expert Alumni

Get your taxes done using TurboTax

You must convert all foreign dollars to US dollars for entry on your return. You are using online software and all versions require you to make the conversion if you want to file using our software. You cannot use this software to file a return that is not in US dollars. 

 

Use Yearly Average Currency Exchange Rates - IRS which states: 

The Internal Revenue Service has no official exchange rate. Generally, it accepts any posted exchange rate that is used consistently.

When valuing currency of a foreign country that uses multiple exchange rates, use the rate that applies to your specific facts and circumstances.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post