<<This is a hard one:>>Why do people give me "set up" lines that I can't respond to in public???<<I bought a house in Australia in 1991 for $84K.I sold it last year for (after commission etc) $72.5K giving me a large capital lost.>>Right...assuming that you are a US citizen, that the house was either an investment property or rental property and not a personal use property...along with a few other assumptions.<<In reporting my tax should I convert those amounts to US dollars for the year involved?>>Yes...both for the purchase and sale...using the appropriate conversion rates at the time of purchase and sale. Reporting Australian $ on your US tax return doesn't work.<< ie The Australian dollar was much higher in 1991 than it is now making my capital loss even greater.>>That's quite possible. <<Also can anyone point me to a dollar conversion table for 1991?>>Sorry...I don't know of one. But a quick Yahoo search will likely help you out. <<I don't read this board much so if you can email me at firstname.lastname@example.org would be much appreciated.>>Sure...stop by...leave one question...use us and abuse us...and then just leave. I'm crushed. TMF TaxesRoy
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