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bob2731
Level 3

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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TurboTaxBrenda1
Moderator

Can I claim the foreign exchange fee?

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

 

Thank you for choosing TurboTax.

View solution in original post

2 Replies
TurboTaxBrenda1
Moderator

Can I claim the foreign exchange fee?

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

 

Thank you for choosing TurboTax.

bob2731
Level 3

Can I claim the foreign exchange fee?

Thank you for the quick response.

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