How should I convert foreign numbers on my US tax return?

[student18]

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? 

[IreneS · Accepted solution]

UPDATED FOR TAX YEAR 2019

Yes, convert all Canadian dollars to US dollars.  For information on conversion rates  please see this section of the IRS website:  Foreign Currency and Currency Exchange Rates

The IRS also lists the following resources for obtaining an exchange rate:

Governmental Resources

• Treasury Department's Currency Exchange Rate
• Federal Reserve Bank
• U.S. Department of Agriculture

External Resources

• Oanda.com
• xe.com
• x-rates.com

[Edited | 3/31/2020 |  11:55am PDT]