Is variation from loss on foreign currency tax deductable?

 Author: student.kat(Newbie)Newbie

13 Apr 2026

Hello!

I was hoping for some advice or clarification.

I have a client I'm assisting with her tax return who exchanged AUD to 75,000$ USD previously, and has now exchanged it back to AUD and claims she lost 816$ AUD due to exchange rates. Is this tax deductible? How should it be handled?

Thank you!

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