Foreign (US) capital loss carryover

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ichiokuen
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Joined: Tue Feb 05, 2019 2:03 pm

Foreign (US) capital loss carryover

Post by ichiokuen »

Hi,

Since they gave us a month extension this year, I am still working on my taxes and looking for any reductions I may be able to use!
I believe someone told me that we cannot use capital loss carryover (against capital gains on stocks-not dividends) for foreign held stocks, but cannot find any information anywhere.
Has anyone ever used it here?

Thanks!

Edit: I found the answer (not the one I wanted but...) I called the tax office and they said that we cannot use capital loss carryovers from stocks held in foreign brokerages, only for stocks held in Japanese brokerages.
TBS

Re: Foreign (US) capital loss carryover

Post by TBS »

Yep, carrying over is not possible for stocks purchased via foreign brokers. There is a good description of the rules here.
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