It depends -
According to the
IRS, if you moved due to a change in your job or business location, or because
you started a new job or business, you may be able to deduct your reasonable
moving expenses but not any expenses for meals. If your move was not in connect to a new employment, then the IRS will consider these moving expenses nondeductible personal expenses.
Please refer to
these links related to moving expenses: IRS - Moving Expenses and Moving
Expense Deduction
To enter deductible moving expenses in TurboTax, log into your tax return (for TurboTax Online sign-in, click Here and click on "Take me to my return") type "moving expenses" in the search bar then select "jump to moving expenses". TurboTax will guide you in entering this information
To report your foreign sourced earned income - you can report your
foreign sourced earned income (in US Dollars) under the foreign
earned income section.
To enter foreign sourced earned income in TurboTax, log into your tax return (for TurboTax Online sign-in,
click Here and click on "Take
me to my return") type "foreign earned
income" in the search bar then select "jump to foreign earned income". TurboTax will guide you in
entering this information.
You would be able to
take a Foreign Tax Credit for
taxes paid in Canada on Canadian income that is also taxed in the US.
The Internal Revenue Service has no official
exchange rate. The IRS will normally accept any posted exchange rate
that is used consistently. You can translate the foreign currency to U.S.
dollars using the yearly average currency exchange rate for the tax year.
In general, use the exchange rate prevailing (i.e., the spot rate) when you
receive, pay or accrue the item. Please refer to the following IRS links for
more information about Foreign
Currency and Currency Exchange Rates and Yearly
Average Currency Exchange Rates.
