monex tokutei

[Tsumitate Wrestler]

thanks for this-i went ahead and did it but stuck with the emaxis slim-all country and s+P.. couldnt get the etfs to work,also looked a bit riskier so didnt go for it... may try again later if i come into funds!

Makes sense! Stick with what you feel comfortable with. As I was arguing above, there is a learning curve.

What was the issue you ran into?

[bryanc]

seems not to give an option for the us etf ones on monex when looking for the 特定 -have i got it wrong

[ToushiTime]

seems not to give an option for the us etf ones on monex when looking for the 特定 -have i got it wrong

On Monex, mine shows 課税 for US ETFs. It doesn't give me a choice.
On other brokerages I get a choice of 一般 (no withholding, do the taxes yourself) or 特定預かり (taxable, taxes get deducted）
I think the 課税 on Monex is equivalent to 特定預かり.

[sutebayashi]

seems not to give an option for the us etf ones on monex when looking for the 特定 -have i got it wrong

You are looking via the TradeStation app? I think you need to login to the Monex US stock trading account specifically (TradeStation is how I do it via smartphone) to see them, rather than the same interface through where you can buy toshins and Japan listed securities.

[ChapInTokyo]

seems not to give an option for the us etf ones on monex when looking for the 特定 -have i got it wrong

When you set up the account, Monex will already have your account set up for 特定（課税あり） or 特定（課税なし） or 一般 in your user profile.

So the selection you make when you put in your order for US ETFs is whether it's for 課税(taxable) or 非課税(tax exempt). Or in other words, non-NISA or NISA.

[ChapInTokyo]

If you want to invest in US stocks and ETFs, you need to do kakutei shinkoku to take advantage of foreign tax credits. This is so regardless of whether you're at a Japanese broker or at a US online broker.

But don't you also have to keep a record of, declare, and pay the capital gains yourself when you sell, if using a foreign brokerage? That's not an issue with the Japanese brokerage, I think.

Another potential hurdle: the Japanese brokerages let you download the transaction and tax records in Japanese, including the annual trading report.

Does having these, rather than the documents from Firstrade, make things easier when filing?

I ask, as I've never attempted to claim back foreign tax. US stocks and US-listed ETFs make up no more than 10% of my portfolio but I ought to try to claim when I get around to it.

It's definitely easier if you are with a Japanese brokerage. I have a python programme so I can get the yen cost basis for all the DRIP re-investments based on a csv file of the daily exchange rates I download from Mizuho's site. With a Japanese broker, you don't get DRIP re-investments to start with so no need to worry about having hundereds of fractional re-invested buys.

[bryanc]

seems not to give an option for the us etf ones on monex when looking for the 特定 -have i got it wrong

You are looking via the TradeStation app? I think you need to login to the Monex US stock trading account specifically (TradeStation is how I do it via smartphone) to see them, rather than the same interface through where you can buy toshins and Japan listed securities.

Just on the web..I have never used tradestation

[sutebayashi]

It's definitely easier if you are with a Japanese brokerage. I have a python programme so I can get the yen cost basis for all the DRIP re-investments based on a csv file of the daily exchange rates I download from Mizuho's site.

Heh, I have a little Python knowledge but I don’t really want to deal with that stuff myself anyways

Another annoying thing I discovered recently is that a Monex Tokutei account doesn’t actually withhold taxes for all instruments you might buy. Specifically I’ve got some small ADR positions that dribble out pesky sized “rights allocations” (seem basically like dividends), but Monex posts me notices saying that they aren’t withholding the tax on them so I should contact my tax office.

I now have to figure out which of my dividends have tax withheld and which don’t and then report the income…

[ToushiTime]

seems not to give an option for the us etf ones on monex when looking for the 特定 -have i got it wrong

When you set up the account, Monex will already have your account set up for 特定（課税あり） or 特定（課税なし） or 一般 in your user profile.

So the selection you make when you put in your order for US ETFs is whether it's for 課税(taxable) or 非課税(tax exempt). Or in other words, non-NISA or NISA.

Ah, that would explain why I am only shown 課税 when trading US stocks on Monex.
However, this seems to suggest you have a choice when trading US stocks, even if you have a 特定（源泉徴収あり) account.
https://info.monex.co.jp/us-stock/guide/tax01.html (see the bit about 源泉徴収ありの特定口座を開設し、特定口座内で米国株の取引を行った場合)

On SBI, I have a 特定（源泉徴収あり) account with no NISA set up, but I am offered a choice of 特定 (預り) or 一般 each time I buy a US stock or US ETF.

[ToushiTime]

It's definitely easier if you are with a Japanese brokerage. I have a python programme so I can get the yen cost basis for all the DRIP re-investments based on a csv file of the daily exchange rates I download from Mizuho's site.

Heh, I have a little Python knowledge but I don’t really want to deal with that stuff myself anyways

Me neither, but I admire his dedication and resourcefulness