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I have a Canadian oil royalty. Do I enter the income in Canadian funds or convert to US funds?
There is no forms from Canada. All I have are check stubs in Canadian funds.
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June 4, 2019
10:20 PM
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Investors & landlords
You have to convert the amounts into USD using the rates here: https://www.irs.gov/individuals/international-taxpayers/yearly-average-currency-exchange-rates
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June 4, 2019
10:20 PM