I live in the U.S., and I have a savings bank account in Ukraine.
The money on that account were in UAH (Ukrainian Hryvnia), which lost ~50% of its value during 2014. This means the amount on my account decreased 2x when converted to USD.
The question is:
Can I somehow report this as a loss (investment loss?) to IRS (to decrease the amount of taxes I should pay for 2014)?
Note: I've reported this account properly to the IRS before 2014.