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Level 2
posted Apr 10, 2023 8:21:12 AM

Declaring a foreign wage

I have earned income outside of the US and am being prompted to enter my income in US dollar amount.

Which conversion rate should I use to convert a euro amount to US dollar amount?

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1 Replies
Level 15
Apr 10, 2023 8:25:07 AM

You can use the Yearly Average Currency Exchange Rates from this IRS website - https://www.irs.gov/individuals/international-taxpayers/yearly-average-currency-exchange-rates