Loading
Sharndeep(I'm new)I'm new
16 May 2026

An Australian sole trader runs an international tour business to the USA. They deposits in AUD and converted to USD to pay local suppliers to book customer tours and experiences. They experienced foreign exchange losses when they moved the unspent money back from USD to AUD. Is this loss deductible under as an business expense?


13 views
0 replies
13 views
0 replies
Loading
Forex losses on USD transactions – are they deductible for a sole trader business? | ATO Community