Personal Finance & Money Asked by aky on August 16, 2021
Hej,
I live in Sweden since 2019. I had money in a US Bank account (earned in 2018 and 2019) that was sitting there without being invested. I’ve therefore decided to transfer it to SEK and start investing it.
However, the USDSEK exchange rate when I earned that money was considerably higher than January this year (when I performed the transfer of the currency), so turns out that I lost quite a lot of value with this transfer…
Can this be considered a loss? And perhaps some small tax deduction be made?
Thanks,
Aky
They are deductible, but only in the income class capital. That means the deduction can only be used if you had income in the same class, usually some form of realized capital gains.
You can read more about it on this page over at the Swedish Tax Agency.
Correct answer by Jobjörn Folkesson on August 16, 2021
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