topic Can I deduct my loss of 9,885.71$ due €/$ exchange rates ? Or easier said. I Billed 9,885.71$ More over the year that I received because the exchange rate change. in Investors & landlords

Can I deduct my loss of 9,885.71$ due €/$ exchange rates ? Or easier said. I Billed 9,885.71$ More over the year that I received because the exchange rate change.

sgeb93 — Mon, 23 Feb 2026 10:53:52 GMT

I bill monthly and get paid in between the next 30 Days after billing. In meantime the exchange rate changes. Thank you

Re: Can I deduct my loss of 9,885.71$ due €/$ exchange rates ? Or easier said. I Billed 9,885.71$ More over the year that I received because the exchange rate change.

Carl — Fri, 13 Jan 2023 16:36:25 GMT

No, because you have no loss to claim. You only report as income, the actual dollars received when the foreign currency is exchanged for those dollars. So you only get taxed on what you actually get.

Re: Can I deduct my loss of 9,885.71$ due €/$ exchange rates ? Or easier said. I Billed 9,885.71$ More over the year that I received because the exchange rate change.

sgeb93 — Fri, 13 Jan 2023 16:39:17 GMT

I figured… thank

you