@patamelia not my area of expertize, but why would this be tax deductible in any event?
If you received the money in US dollars and then you state you converted it (presumably to the currency in Country A).
Then what occured? if the dollar ROSE, then your currency in County A would be worth LESS if you converted it back, but that is all on paper. Where is the actual loss?
From your comments sounds like you still are holding the local currency.
If you convert back to US dollars, yes, that is when the loss becomes "real". But I do not believe that is deductible in any event as it is a personal loss.
Are you using this currency in a trade or business? then that would be different.
Encourage others to challenge my logic here.
