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Exchange rate for foreign earned income
Hi, I'm currently working abroad and need to file last year's tax report entirely based on foreign earned income. On Turbotax, I see that I have to enter my FEI in US dollars. Is there any currency conversion rule or rate that I must follow when I convert my income in local currency to USD?
I appreciate your response in advance. Thank you.
I appreciate your response in advance. Thank you.
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‎June 3, 2019
4:20 PM