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December 8, 2022
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Can I claim the foreign exchange fee?

  • December 8, 2022
  • 1 reply
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When I converted my foreign currency to Canadian, I had a reportable capital gain (i.e. over $200). Is the fee that I had to pay to make the conversion deductable? Thanks in advance.

    Best answer by BrendaW-US

    As you are claiming a capital gains, then you can claim expenses on it.

     

    Thank you for choosing TurboTax.

    1 reply

    December 8, 2022

    As you are claiming a capital gains, then you can claim expenses on it.

     

    Thank you for choosing TurboTax.

    bob2731Author
    December 8, 2022

    Thank you for the quick response.