Hello,

I'm about to file 2009 tax return & wondering how I put my interest income from foreign bank?
I put money on CD that matured during 2009 & got interest on it; however, how to convert that into USD$?
Also, if there was foreign exchange rate difference between the day I transferred fund from the U.S. and the day I got interest income? (Money is still in foreign country though)
I would appreciate in advance for your helpful advise!

Thank you!

Use transfer rate on the date you received the interest.
Another filing requirement is Form TD F 90-22.1. Your U.S. Tax Return: U.S. Citizen or Resident with Foreign Income (http://taxipay.blogspot.com/2008/03/us-citizen-or-resident-with-foreign.html)

Thank you MukatA!