Wife has a brokerage account in Japan - does she need to file a tax return?

Post Reply
StockBeard
Veteran
Posts: 193
Joined: Wed Aug 09, 2017 7:36 am

Wife has a brokerage account in Japan - does she need to file a tax return?

Post by StockBeard »

For the past few years, my wife has been a stay at home mom with only some bank accounts and no income.

This year we opened a brokerage account for her on SBI (with the goal of opening a NISA next year). Will she have to file a tax return? Or can we do a joint declaration on my return?

Or maybe nothing to do? I believe that she went with an account that directly takes out taxes from the dividends.
User avatar
RetireJapan
Site Admin
Posts: 4729
Joined: Wed Aug 02, 2017 6:57 am
Location: Sendai
Contact:

Re: Wife has a brokerage account in Japan - does she need to file a tax return?

Post by RetireJapan »

If she has a tax-reporting account (特定口座), I believe in principle she won't need to submit a tax declaration unless she wants to do something funky with losses.
English teacher and writer. RetireJapan founder. Avid reader.

eMaxis Slim Shady 8-)
StockBeard
Veteran
Posts: 193
Joined: Wed Aug 09, 2017 7:36 am

Re: Wife has a brokerage account in Japan - does she need to file a tax return?

Post by StockBeard »

Thanks. That's our understanding as well.
I do have a tax accountant helping us this year (paid for by my company) so I'll ask just in case.
User avatar
RetireJapan
Site Admin
Posts: 4729
Joined: Wed Aug 02, 2017 6:57 am
Location: Sendai
Contact:

Re: Wife has a brokerage account in Japan - does she need to file a tax return?

Post by RetireJapan »

StockBeard wrote: Tue Dec 05, 2017 4:26 am Thanks. That's our understanding as well.
I do have a tax accountant helping us this year (paid for by my company) so I'll ask just in case.
Let us know if you learn anything interesting!
English teacher and writer. RetireJapan founder. Avid reader.

eMaxis Slim Shady 8-)
Post Reply