ipc1
Level 2

My foreign social security pension is paid periodically through the year in dollars into my US bank.

The paying agent is Citibank Europe plc. The dollars banked are not the same as those calculated using the yearly average currency exchange rate from irs.gov along with the foreign currency amount from the plan administrator.

Which amount is the correct one to use on Form 1040, dollars banked or the amount using the exchange rate?