Can your currency be changed back to USD if you’re currently in another country but receiving American paychecks? When filing, mine is coming up in yen.
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1 Replies
JohnB5677
Expert Alumni
Apr 7, 2024 4:52:50 AM
Yes, foreign traditional currency can be exchanged back to USD without being taxed.
However, anything you earn is taxed as equivalent US dollars on your tax return (regardless of the currency).