I have limited U.S. Income and U.S. Charitable Donations. When you go to enter them I select a fixed exchange rate for 2022. Then it asks for income and donation amounts. Are these amounts to be entered as U.S. dollars? I have some customers paying me in Canadian dollars and some Charities allowing donations in Canadian dollars so i assume i have to convert everything to the same currency, but which one should i be using?
U.S. Donations
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I have limited U.S. Income and U.S. Charitable Donations. When you go to enter them I select a fixed exchange rate for 2022. Then it asks for income and donation amounts. Are these amounts to be entered as U.S. dollars? I have some customers paying me in Canadian dollars and some Charities allowing donations in Canadian dollars so i assume i have to convert everything to the same currency, but which one should i be using?