RetireJapan

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!

For Japanese taxes you can use capital losses for up to 3 years to offset capital gains or dividend income. Unfortunately the losses can't be applied to earned income.

Just sharing the other thread viewtopic.php?p=40149

Victor12 wrote: ↑Sun Aug 04, 2024 12:51 pm 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!

Paper losses?
Or you have sold for a large loss?

Foreign losses can be used against gains here in the tax year they happen (and vice versa), but foreign losses cannot be carried forward.

(I think I've got that right.)

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.

If you have the capital losses in a "Tokusei" account then the brokerage automatically uses as much of them as possible to offset the taxes you paid on dividends that year. My experience is that they settle that up sometime in December. The brokerage does not help you rollover the unused losses to the following year and you will need to do that by filing a 確定申告 in the following year.