topic form8938 exchange rate in Get your taxes done using TurboTax

form8938 exchange rate

goro0614 — Mon, 23 Feb 2026 12:00:48 GMT

I am filling in form 8938.

About line 25, should I write exchange rate as treasury reporting way? Or, reciprocal number?

For example,

Treasury report site says 131.83 yen per USD. Should I write 131.83 in line 25? Or, 0.007585?

Re: form8938 exchange rate

MinhT1 — Tue, 21 Feb 2023 14:28:29 GMT

In box 25 (b) of form 8938, you should enter the exchange rate as it appears on the Treasury document, i.e. 131,83. You then divide the amount in Yen by 131,83 to obtain the amount in USD.

Re: form8938 exchange rate

goro0614 — Wed, 22 Feb 2023 02:36:32 GMT

Thanks!