For some reason I can not get my head around this. I am now moving money out of Canadian RRSPs and bringing it to the USA.The proceeds are in C $ and are mailed to me (2-3Weeks). Taxes are withheld in Canada and will be reported to the IRS in $ C. When filing my future tax returns (IRS), what conversion rates should I be using? The date of check (and the date taxes were withheld), the date of Deposit at my end or the date that clears the clears. I feel like I am making this more complicated than it needs to be and appreciate any input.
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