Geauga,
I saw your latest response to Priya's questions about reporting foreign interest, that was very good. Can you also summarize how you ended up handling your original question about claiming the loss on your principal due to depreciating rupee. You asked those 2 questions in early Jan-2021 and don't think there was a good answer:
1. How do I calculate capital loss of a fixed (term) deposit because of depreciation in a foreign currency?
2. Where do I report capital loss in schedule B?
Some CPAs say that loss in the principal is ordinary loss to be reported under "other income" as a loss, not on schedule D, while some CPAs say that loss in the principal due to depreciating rupee is not reportable.
