Search found 7 matches

by Victor12
Fri Aug 09, 2024 11:19 pm
Forum: Stock market investing
Topic: Carrying forward stock market losses
Replies: 6
Views: 1133

Re: Carrying forward stock market losses

Thank you, everyone. Unfortunately, I panicked and took large losses. So from the comments, I understand that these losses can be carried forward for three years and be used to offset dividend income.
I would really appreciate if someone could tell me the procedure for doing it.
by Victor12
Sun Aug 04, 2024 12:51 pm
Forum: Stock market investing
Topic: Carrying forward stock market losses
Replies: 6
Views: 1133

Carrying forward stock market losses

Unfortunately, I have made significant losses recently on my stock market investments here in Japan. Is it possible to use this losses to offset my taxable income or carry them forward? Thanks!
by Victor12
Sun Aug 04, 2024 10:52 am
Forum: Stock market investing
Topic: YEN/USD rate change and your US$ held stocks
Replies: 8
Views: 1594

Re: YEN/USD rate change and your US$ held stocks

It's really hard to see how yen will depreciate in the near term with BOJ raising interest rates and FRB starting to cut them soon. I am seriously concerned about my foreign equity and even gold positions, which have taken a beating in the last couple of weeks. I am considering cutting those positio...
by Victor12
Mon Jul 15, 2024 1:20 pm
Forum: Taxes
Topic: Offset gains on one account with gains on another
Replies: 7
Views: 936

Re: Offset gains on one account with gains on another

[quote="Tsumitate Wrestler" post_id=40161 time=1721044026 user_id=3553 What type of accounts? Tax reporting account with tax collection (特定口座 源泉徴収あり) Tax reporting account without tax collection (特定口座 源泉徴収なし) If you have a tax-reporting account you can file a capital loss, but it will not ...
by Victor12
Mon Jul 15, 2024 1:18 pm
Forum: Taxes
Topic: Offset gains on one account with gains on another
Replies: 7
Views: 936

Re: Offset gains on one account with gains on another

Thank you. Yes, these are two different brokers - Rakuten and SBI. If it's possible, what kind of form would I need for the tax return? In Japanese it’s called a 確定申告. You can do this online via the e-Tax system, or else show up in person at your local tax office and have them assist. There is a se...
by Victor12
Mon Jul 15, 2024 10:38 am
Forum: Taxes
Topic: Offset gains on one account with gains on another
Replies: 7
Views: 936

Re: Offset gains on one account with gains on another

Thank you. Yes, these are two different brokers - Rakuten and SBI.

If it's possible, what kind of form would I need for the tax return?
by Victor12
Mon Jul 15, 2024 9:48 am
Forum: Taxes
Topic: Offset gains on one account with gains on another
Replies: 7
Views: 936

Offset gains on one account with gains on another

I did a quick search, but couldn't find answer to this question. I have two online securities accounts. Last year, I had gains on one account for which tax was withheld. However, I had losses on the other account. Is there anyway to offset the gains with losses and get the tax paid back?