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Deductions & credits
Simply do a currency conversion. You must express the amounts you report on your US tax return in U.S. dollars. This IRS reference has a conversion table for foreign currencies, although it has not yet been updated for 2016:
https://www.irs.gov/individuals/international-taxpayers/yearly-average-currency-exchange-rates
Note in the reference that the IRS has no official exchange rate; it accepts "any posted exchange rate that is used consistently."
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
May 31, 2019
6:17 PM