Info Type
View Option
Sort by Category
Show all from recent
1. | Conversations with People(113view/1res) | Question | Today 09:39 |
---|---|---|---|
2. | Convert Japanese Yen into U.S. Dollars(244view/0res) | Problem / Need advice | 2024/06/26 12:44 |
3. | I have a question for Mint Mobile users.(148view/0res) | Question | 2024/06/26 01:53 |
4. | Fill in W-4 Steo3(326view/2res) | Problem / Need advice | 2024/06/25 13:22 |
5. | Gathering for tennis beginners(164view/0res) | Sports | 2024/06/21 10:46 |
6. | Sound hypersensitivity, sleep disorders(597view/1res) | Problem / Need advice | 2024/06/18 01:01 |
7. | Admission to KCC(561view/2res) | Question | 2024/06/18 00:50 |
8. | Buying gold and jewelry(367view/2res) | Other | 2024/06/17 22:53 |
9. | Concerns of Hawaii(4kview/18res) | Other | 2024/06/16 05:16 |
10. | How to dispose of mobile batteries and fluorescent...(411view/4res) | Daily life | 2024/06/15 17:36 |
Sale of shares deposited with Japanese securities firms
- #1
-
- KEI
- 2021/08/16 13:44
I live in the United States. I have removed my certificate of residence in Japan, but left my shares deposited in an account at a Japanese brokerage firm.
When I tried to sell these, the procedure is easy, but the brokerage firm advised me
to declare the gain from the sale in the US. Is it OK if I just calculate it from the gain on the sale and file it myself on my tax return ?
It seems that TAX is higher in the US, but if anyone knows about the procedures, etc., please advise me.This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)
- #2
-
- tax man
- 2021/08/17 (Tue) 20:26
- Report
This section answers your questions regarding the reporting of gains ( ) capital gains
on stock returns in Japan.
When you have a gain or loss on a stock transaction, you must report it on Schedule D of your U.S. tax return form 1040.
Based on the brokerage firm's statement of transactions, enter the amount of the difference between the price at which you bought the stock and the price at which you sold it, if there was a gain
or a loss, on the form, calculate the total
amount of income, and report the gain as taxable income.
You will be required to file a tax return on the profit.If you have traded stocks in the U.S., you only need to convert
Japanese yen into U.S. dollars at the specified exchange rate, otherwise, the process is the same whether you have traded stocks in Japan or the U.S.
.
Judging from the fact that you are asking this question, we assume that you have never
declared your stock transactions and profits in the US.
In that case, we recommend that you contact a professional to handle this matter.
Furthermore, if you transfer the amount of shares you sold to the U.S. and put it in your bank account in the U.S.,
there is no problem, but if you put it in your bank account in Japan,
if the total amount of the shares you sold exceeds 10 , 000 USD per year, you will be required to file a separate return in the U.S. If you are not able to handle this matter by yourself, please consult a professional
and have him handle it.This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)
- #3
-
If you have assets of more than $10,000 in Japan, you are required to file an annual tax return with the IRS.
If you do not report your assets to the IRS, it may be considered money laundering. It is advisable to consult your CPA and take appropriate measures.This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)
- #4
-
If you own more than $10,000 in assets in Japan (stocks, bank deposits, savings accounts, etc.), you are required to file an annual return with the IRS. Failure to file may be considered money laundering.
We recommend that you take prompt action on your CPA.This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)
- #5
-
- ありがとうございます。
- 2021/08/18 (Wed) 07:11
- Report
Dear tax man
Thank you for your kind explanation. Your information was very helpful.
We ask a professional to do our tax returns every year.
When I sell stocks, I should keep track of the purchase price and sale price at that time from the brokerage firm
so that I can know my income for next year's tax return.
Thank you for your detailed explanation !.This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)
- #6
-
Dear Hawaii
Thank you for the information. We had originally declared our savings and securities.We will continue to make sure that we do not fail to declare them so that we do not have to worry. This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)
Posting period for “ Sale of shares deposited with Japanese securities firms ” has been closed.
Please create new topic to continue the same topic.
- Find local business with Town Guide
-
- If you are looking for Hawaii real estat...
-
Since 2003, we have built a solid track record in real estate sales and property management for over 20 years. Our focus on providing comprehensive services tailored to our clients' needs is based on ...
+1 (808) 426-3522Grace International Realty
-
- A fashion brand born in Hawaii and loved...
-
Angels by the Sea offers not only women's dresses, but also men's aloha shirts and children's clothing so the whole family can enjoy Hawaii. Find your favorite style from our large selection of handma...
+1 (808) 921-2882Angels By The Sea Hawaii
-
- The authentic taste of Hawaii. Sushi Tak...
-
Sushi Legend Takumi Comes to Waikiki ! The acclaimed sushi restaurant Takumi has finally opened its first location outside of Japan at the Ritz ・ Carlton ・ Residence in Waikiki. Enjoy an omakase style...
+1 (808) 729-9717すし匠 | Sushi Sho - Hawaii
-
-
+1 (808) 751-1003Tawashi Japanese Yakiniku
-
-
- Please come and try our delicious omusub...
-
When you want to relax, come to "Iyasu Yume". We offer delicious rice balls and bentos made with handmade rice. Opened in 2000 as Hawaii's first restaurant specializing in omusubi, Iyasumu is a pion...
(808) 465-9682Musubi Cafe Iyasume
-
- Ponta, the common point service that off...
-
Ponta ( Ponta ) is a shared point service that allows users to accumulate and spend points in proportion to the amount spent at Ponta partner stores and online services nationwide. A single card or a...
株式会社ロイヤリティマーケティング
-
- That's right - ! Let's go beach cleaning...
-
Honolulu Umi Sakura will do a beach clean once a month ! After the beach clean, there will be a fun BBQ. You will be able to mingle with many different people and make your Hawaii life more enjoyable...
Honolulu UMISAKURA
-
- Fogarty Real Estate has been in business...
-
In business for 51 years. We are Fogarty Real Estate, a familiar and reliable company to everyone in Hawaii. We provide a wide range of consultation services from "I want to buy ・ I want to rent ・ I w...
+1 (808) 955-5100Fogarty Realty, Inc.
-
- Hear episodes not found in guidebooks an...
-
On September 2, 1945, a surrender ceremony was held on board the battleship Missouri while anchored in Tokyo Bay, officially ending World War II. The battleship Missouri is currently moored at Pearl H...
(808) 455-1600Battleship Missouri Memorial
-
- Moving in Hawaii ・ House Cleaning ・ Room...
-
We will work with you to find solutions to your problems and deliver services that will delight you in a positive way. Moving in Hawaii ・ House Cleaning ・ Room Reorganization ・ Please feel free to con...
+1 (808) 489-1628Up & Downsizing
-
- Since 1987, we have been providing a ful...
-
MAP ・ Vision has been in the real estate management ・ brokerage business since 1987, providing a wide range of consistent services from buying ・ selling to managing ・ renting Hawaii real estate to eve...
+1 (808) 971-0101Map Vision, Inc.
-
- Ringer Hut Store will be opening a new l...
-
Since its establishment, Ringer Hut has always been committed to using the freshest ingredients and providing our customers with a high-quality, delicious, healthy and safe dining experience. Nagasaki...
+1 (808) 946-7214Ringer Hut - Ala Moana Center
-
- Hawaii ・ A women's only hideaway massage...
-
The salon owner, who is a certified esthetician recognized around the world, offers the world's highest standard of facial and body massage. With sophisticated and reliable techniques and experience, ...
+1 (808) 388-3576スタービューティールーム | Star Beauty Room
-
- Enjoy authentic Japanese cuisine in a re...
-
Always highly rated by YELP. We strive to provide a variety of meals with carefully selected ingredients and a rich menu so that everyone from children to the elderly can dine with ease. A full dinin...
+1 (808) 926-5616義経レストラン| YOSHITSUNE - Park Shore Hotel
-
- Hawaii ・ Very popular tonkatsu restauran...
-
! We also accept take-out ☆ From now on, you can enjoy freshly prepared tonkatsu without waiting ! Tonkatsu Tamato has been in business in Sapporo, Hokkaido for 66 years. This year marks 66 years ...
+1 (808) 922-1212Tonkatsu Tamafuji