Mustapha Ratib
Level 4
04-16-2021
06:15 PM
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I am filing a foreign Earned Income from Germany, and tax payer is American Citizens. So I am using form 2555 and I need to know what rate to use to convert from EUR to US Dollar. I know there is a schedule for that but don't know where to find it.
Thank you.
Mustapha
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BobKamman
Level 15
04-16-2021
06:40 PM
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You could use the average rate of 1.142, or if the income was not earned in equal instalments through the year, here are daily figures:
https://www.exchangerates.org.uk/EUR-USD-spot-exchange-rates-history-2020.html
Mustapha Ratib
Level 4
04-16-2021
07:27 PM
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Yes it is a salary for the whole year and the average rate would be the reasonable option. and Obviously the form 2555 is the one used in this case of course no W-2.
Thank you very much for your help.
