Ok this question may be stupid as I've never filed a US tax return before, so apologies in advance.
I moved to the US in early 2024 and my only source of income is from rental income from my property back in the UK, that I converted from personal to rental use in 2024. All of the rental income and expenses, property purchase price (from over 10 years ago) and fair market price are all in GBP (rental income also stored in UK bank account), but Turbo Tax only gives you the option to enter USD values. This is despite indicating that the property is outside of the US in Turbo Tax already.
Do I just manually convert from GBP to USD using the current foreign exchange rate?
