When filing my US tax returns, am I able to quote foreign currencies, or must I report everything in USD? If the latter, what exchange rates should I use?

By November 8, 2018

All figures must be translated into and reported in U.S. dollars. The IRS provides annual average exchange rates for reference. Exchange rates for individual dates are also available at Oanda.com

Aaron Fernandes

About Aaron Fernandes

Comment on this FAQ