https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-please-convert-all-canadian-dollars-to-us-dollars-t/01/680828#M89533 <P>UPDATED FOR TAX YEAR 2019</P><P>&nbsp;</P><P>Yes, convert all Canadian dollars to US dollars.&nbsp;&nbsp;For information on conversion rates&nbsp; please see this section of the IRS website:&nbsp;&nbsp;<FONT size="3"><A href="https://www.irs.gov/individuals/international-taxpayers/foreign-currency-and-currency-exchange-rates" target="_self">Foreign Currency and Currency Exchange Rates</A></FONT></P><P>&nbsp;</P><P>The IRS also lists the following resources for obtaining an exchange rate:</P><P>Governmental Resources</P><UL><LI><DIV><A href="http://www.fiscal.treasury.gov/fsreports/rpt/treasRptRateExch/treasRptRateExch_home.htm" target="_blank" rel="nofollow noopener">Treasury Department's Currency Exchange Rate</A></DIV></LI><LI><DIV><A href="http://www.federalreserve.gov/RELEASES/" target="_blank" rel="nofollow noopener">Federal Reserve Bank</A></DIV></LI><LI><DIV><A href="http://www.usda.gov/" target="_blank" rel="nofollow noopener">U.S. Department of Agriculture</A></DIV></LI></UL><P>External Resources</P><UL><LI><DIV><A href="http://www.oanda.com/convert/classic" target="_blank" rel="nofollow noopener">Oanda.com</A></DIV></LI><LI><DIV><A href="http://www.xe.com/" target="_blank" rel="nofollow noopener">xe.com</A></DIV></LI><LI><DIV><A href="http://www.x-rates.com/" target="_blank" rel="nofollow noopener">x-rates.com</A></DIV></LI></UL><P>&nbsp;</P><P>[Edited | 3/31/2020 |&nbsp; 11:55am PDT]</P> Tue, 31 Mar 2020 18:55:37 GMT IreneS 2020-03-31T18:55:37Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-should-i-convert-foreign-numbers-on-my-us-tax-return/01/680823#M89532 <P>Dual citizen, attended school and earned income in Canada. Do I convert my Canadian tuition to USD as well? What conversion rate should I use for both tuition + income?&nbsp;</P> Thu, 06 Jun 2019 11:15:40 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-should-i-convert-foreign-numbers-on-my-us-tax-return/01/680823#M89532 student18 2019-06-06T11:15:40Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-please-convert-all-canadian-dollars-to-us-dollars-t/01/680828#M89533 <P>UPDATED FOR TAX YEAR 2019</P><P>&nbsp;</P><P>Yes, convert all Canadian dollars to US dollars.&nbsp;&nbsp;For information on conversion rates&nbsp; please see this section of the IRS website:&nbsp;&nbsp;<FONT size="3"><A href="https://www.irs.gov/individuals/international-taxpayers/foreign-currency-and-currency-exchange-rates" target="_self">Foreign Currency and Currency Exchange Rates</A></FONT></P><P>&nbsp;</P><P>The IRS also lists the following resources for obtaining an exchange rate:</P><P>Governmental Resources</P><UL><LI><DIV><A href="http://www.fiscal.treasury.gov/fsreports/rpt/treasRptRateExch/treasRptRateExch_home.htm" target="_blank" rel="nofollow noopener">Treasury Department's Currency Exchange Rate</A></DIV></LI><LI><DIV><A href="http://www.federalreserve.gov/RELEASES/" target="_blank" rel="nofollow noopener">Federal Reserve Bank</A></DIV></LI><LI><DIV><A href="http://www.usda.gov/" target="_blank" rel="nofollow noopener">U.S. Department of Agriculture</A></DIV></LI></UL><P>External Resources</P><UL><LI><DIV><A href="http://www.oanda.com/convert/classic" target="_blank" rel="nofollow noopener">Oanda.com</A></DIV></LI><LI><DIV><A href="http://www.xe.com/" target="_blank" rel="nofollow noopener">xe.com</A></DIV></LI><LI><DIV><A href="http://www.x-rates.com/" target="_blank" rel="nofollow noopener">x-rates.com</A></DIV></LI></UL><P>&nbsp;</P><P>[Edited | 3/31/2020 |&nbsp; 11:55am PDT]</P> Tue, 31 Mar 2020 18:55:37 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-please-convert-all-canadian-dollars-to-us-dollars-t/01/680828#M89533 IreneS 2020-03-31T18:55:37Z