How can I input a foreign exchange loss in TT? Euro/$, not crypto

[CesarJ]

To enter a foreign exchange loss in TurboTax for Euro/USD (not cryptocurrency), you typically report it as a capital loss if it relates to investment sales or as an ordinary loss if related to business or personal transactions.

If it's an investment-related loss:

1. Navigate to the Wages & Income section.
2. Select Stocks, Mutual Funds, Bonds, Other.
3. Enter the details of the sale, including the foreign currency amount converted into USD.

If the loss isn't investment-related (e.g., business):
1. Go to the Business Expenses or appropriate section.
2. Enter the loss as a foreign exchange loss.

TurboTax doesn't have a specific foreign exchange loss field, so enter amounts converted to USD accurately.

[Mike9241]

Any loss realized on a personal foreign currency transaction is not deductible, regardless of the amount.

So if it wasn't personal, you'll need to provide more information about what transpired.