How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Lev Your Own Question
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 28081
Experience:  Taxes, Immigration, Labor Relations
Type Your Tax Question Here...
Lev is online now
A new question is answered every 9 seconds

How do you calculate Venezuelan exchange rate

Customer Question

how do you calculate Venezuelan exchange rate for foreign income on december 2015
Submitted: 6 months ago.
Category: Tax
Expert:  Lev replied 6 months ago.
You must express the amounts you report on your U.S. tax return in U.S. dollars. If you receive all or part of your income or pay some or all of your expenses in foreign currency, you must translate the foreign currency into U.S. dollars.An exchange rate is the rate at which one currency may be converted into another, also called rate of exchange of foreign exchange rate or currency exchange rate. Below are government and external resources that provide currency exchange rates.
Expert:  Lev replied 6 months ago.
Governmental ResourcesTreasury Department's Currency Exchange RateFederal Reserve BankU.S. Department of AgricultureExternal ResourcesOanda.comxe.comx-rates.comSee also

Related Tax Questions