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The foreign exchange rate gain is reported on Schedule 1, line 8 and then Schedule 1, line 9 (which includes all your additional income) is transferred to line 7a of your 1040.
The exchange gain is considered ordinary income and not capital gain income.
When your return is open:
[Edited 03.22.20 | 2:02 pm]
The foreign exchange rate gain is reported on Schedule 1, line 8 and then Schedule 1, line 9 (which includes all your additional income) is transferred to line 7a of your 1040.
The exchange gain is considered ordinary income and not capital gain income.
When your return is open:
[Edited 03.22.20 | 2:02 pm]
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