A couple of questions about the information on 1099-R: 1) The amounts on lines 1 and 2a have to be converted from Canadian to US dollars, correct? Is the average exchange rate provided in the link that you attached applicable to this case? I read in the instructions of form 1116 that the taxes paid to a foreign country have to be converted at the exchange rate effective on the date that they were withheld. 2) What do I enter for the distribution code in Box7? TurboTax is asking me to contact the payer for that information but that must be for a U.S. payer. In this case the payer is in Canada. Thank you again for your help.
