Are the Foreign Transaction fees on my credit card tax deductible since they originate in the US and not in a foreign country?

Forum|Forum|7 years ago
June 1, 2019
3 replies
78 views

I recently traveled out of the country. There are numerous fees on my credit card bill for transactions and purchases made while I was gone. They are listed as Foreign Transaction Fees. Are these fees deductible?

TurboTax Deluxe Online

Best answer by pk_

if they are business related -- yes. personal expenses that incurr foreign taxes are not deductible because the expenses are not.

Is that what you meant?

pk_

Answer

Level 15

if they are business related -- yes. personal expenses that incurr foreign taxes are not deductible because the expenses are not.

Is that what you meant?

Dance84

Level 2

I know this is an old thread. I am currently stationed overseas(military). My transaction are personal expenses. However, I am not here by choice. Will my fees be deductible? Or am I just gonna have to suck it up for the next few years?

AmyC

Level 15

Probably. If the expenses are related to you and your job, no. If they are related to a business you are running, then yes. You may pick up a side hustle while there and then be able to deduct some of them.

@Dance84

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"