Hi guys,
Looking for some advice, tried to search but no luck on this particular one.
So basically I am trying to fill Pay and File Tex Return for 2011.
My business is nothing too complicated just a small online shop.
All the funds were paid to my Paypal account, however due to shop setup and the fact that the most of my customers are from US almost all of these payments are in US dollars.
So I wonder how I should convert those foreign currency amounts to Euro in order to get my taxes filed. (which conversion rate I should use)
Any advice will be much appreciated.
Thanks.
Looking for some advice, tried to search but no luck on this particular one.
So basically I am trying to fill Pay and File Tex Return for 2011.
My business is nothing too complicated just a small online shop.
All the funds were paid to my Paypal account, however due to shop setup and the fact that the most of my customers are from US almost all of these payments are in US dollars.
So I wonder how I should convert those foreign currency amounts to Euro in order to get my taxes filed. (which conversion rate I should use)
Any advice will be much appreciated.
Thanks.