MargaretL
Expert Alumni

Deductions & credits

1. Yes - please use the data entry as if you received Form 1099-DIV

2. a - use the exchange rate when you receive the dividend (or for foreign tax paid, if any, use the rate when you pay/accrue the tax)

2. b - please use the following link; scroll down...it lists government sources as well as outside sources for exchange rates:

https://www.irs.gov/Individuals/International-Taxpayers/Foreign-Currency-and-Currency-Exchange-Rates

Additional information, if you'd like:

https://www.irs.gov/Individuals/International-Taxpayers/Yearly-Average-Currency-Exchange-Rates