My Canadian Pension income was in Canadian dollars but it is showing as US$'s on my return. How can I change currency?
You must translate foreign currency into U.S. dollars if you
receive income or pay expenses in a foreign currency. In general, use the exchange
rate prevailing (i.e., the spot rate) when you receive, pay or accrue the
item. Otherwise,
you can choose to use the IRS' Yearly Average
Currency Exchange Rates.
My Canadian Pension income was in Canadian dollars but it is showing as US$'s on my return. How can I change currency?
You must translate foreign currency into U.S. dollars if you
receive income or pay expenses in a foreign currency. In general, use the exchange
rate prevailing (i.e., the spot rate) when you receive, pay or accrue the
item. Otherwise,
you can choose to use the IRS' Yearly Average
Currency Exchange Rates.
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