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by carfey
Mon Mar 25, 2013 11:13 pm
Forum: Canada / United States Tax & Accounting
Topic: Algorithm for doing a 3520-3520A in 2nd year and beyond
Replies: 28
Views: 27878

Oops, I missed your last response. For what it's worth, I think either approach makes sense.
by carfey
Mon Mar 25, 2013 11:03 pm
Forum: Canada / United States Tax & Accounting
Topic: Algorithm for doing a 3520-3520A in 2nd year and beyond
Replies: 28
Views: 27878

CdnAmerican, I'm curious how you factor in FX rate fluctuations? I was thinking I'd include it as "Other Income" (3520 Part II line 7) but I only ever have reported interest converted to USD on my 1040, so that doesn't cover the fluctuations in the account when you convert to USD. Thoughts?

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