Tax form from Canada is in CAD, but paid in USD directly to US. Should I use amounts deposited to account (no taxes withheld) each month to come up with USD?

Tax form from Canada is different from amount in my account

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Tax form from Canada is in CAD, but paid in USD directly to US. Should I use amounts deposited to account (no taxes withheld) each month to come up with USD?

Yes, you can use the amounts that were deposited into your account as the converted amount. You should also keep records of the deposits in case the IRS requests more information.

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Tax form from Canada is in CAD, but paid in USD directly to US. Should I use amounts deposited to account (no taxes withheld) each month to come up with USD?

Tax form from Canada is in CAD, but paid in USD directly to US. Should I use amounts deposited to account (no taxes withheld) each month to come up with USD?

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Tax form from Canada is in CAD, but paid in USD directly to US. Should I use amounts deposited to account (no taxes withheld) each month to come up with USD?

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Tax form from Canada is in CAD, but paid in USD directly to US. Should I use amounts deposited to account (no taxes withheld) each month to come up with USD?

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