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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I have a Canadian oil royalty. Do I enter the income in Canadian funds or convert to US funds?

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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I have a Canadian oil royalty. Do I enter the income in Canadian funds or convert to US funds?

You have to convert the amounts into USD using the rates here: https://www.irs.gov/individuals/international-taxpayers/yearly-average-currency-exchange-rates

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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