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@Kosetife and @DaveF1006 here recommend this treatment. Follow these steps:
The entry will be reported:
@Leonard provides advice on exchange rates here.
You have a choice of which rate to use, so use the one that is most beneficial to you. According to the IRS:
Use the exchange rate prevailing when you receive, pay, or accrue the item. If there is more than one exchange rate, use the one that most properly reflects your income. You can generally get exchange rates from banks and U.S. Embassies.
I see no tax treaty listed with Colombia here.
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