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Level 3
posted Dec 8, 2022 7:29:48 AM

Can I claim the foreign exchange fee?

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.

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1 Best answer
Moderator
Dec 8, 2022 12:14:07 PM

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

 

Thank you for choosing TurboTax.

2 Replies
Moderator
Dec 8, 2022 12:14:07 PM

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

 

Thank you for choosing TurboTax.

Level 3
Dec 8, 2022 1:15:35 PM

Thank you for the quick response.