DaveF1006
Expert Alumni

Retirement tax questions

The amount to report to the US is reported in US dollars, not Canadian dollars.  The IRS was correct in its advice because the gross amounts deposited in your bank account is in US dollars. If you reported your Social Security distributions as Canadian dollars in the past, it may not have impacted your return significantly but going forward, it is best to rely on the advice the IRS has given you.

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