You have a question. Maybe it’s about finance, maybe it’s about Japan, or maybe it’s about neither of those things. Regardless of the topic, you know that google is right there in the next browser tab, and you know that google can definitely answer your question. So why don’t you just change tabs? It would be so easy. Yet you don’t change tabs. Why? Because you know, deep down, that it’s going to be much more fun to post your question right here, in r/JapanFinance’s Weekly Off-Topic Thread!
Questions on any topic are welcome. That means everything from “what will the JPY exchange rate be next month?”, to “what will the JPY exchange rate be next year?”, and even “should I exchange my USD for JPY yet?”. Just keep in mind that the sub’s rules still apply, and don’t forget to give yourself the “US Taxpayer” flair if it applies to you.
by AutoModerator
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Unless I’m mistaken, [ＳＢＩ・全世界株式インデックス・ファンド 『愛称：雪だるま（全世界株式）』](https://site0.sbisec.co.jp/marble/fund/detail/achievement.do?Param6=28931217C) wraps several US-domiciled ETFs: VTI, SPDW & SPEM. Those ETFs make distributions.
1. Does the fund provider take advantage of the US/JP tax treaty, so that the distributions are only taxed 10% by the IRS (and there is no ST/LT or wash sale rule) ?
2. Does the fund provider perform any tax optimization when rebalancing ?
Can you buy into VTSAX through interactive brokers? I looked through their available ETFs but I’m a noob so maybe I missed it. I think it pays dividends and dividends are extra taxed right? So maybe that’s why it’s not available. I don’t know, the more I learn the less I understand 😅
Just went to buy 500 shares of a domestic stock in the growth NISA and it returned this error:
>NISA買付可能額を超過しております。NISA買付可能額の範囲で金額をご入力ください。
500 shares would have come to exactly ¥90,000 and I have ~¥103,000 in the account. So, I have enough JPY in my account for the order. Also this is literally my first purchase with the new NISA, so growth allowance is still ¥2.4 million
It let me order 300 shares though. Wondering if this means we are only allowed to buy a certain amount of shares for CompanyX within our new NISA? Or maybe there is a blocker in place to allow a buffer with purchase value compared to account balance I.e my purchase of 500 shares would be ¥90,000 but I only had ¥103,000 available?
Edit: weird, just bought another 200 shares to get my desired total of 500 and it seemed to have gone through ok. No idea why I was getting that error message
Don’t want to create a new thread just to ask a question that I’m guessing has been discussed numerous times, so hopefully it’s okay to ask and can get an answer here.
Is my understanding of the new NISA correct in that you can sell something and get the amount sold to use again the next year?
Example: Seichou allowance is 12M. I use 1M to buy stock A. It appreciates and I sell at 2M at the end of the first year- this transaction is tax free (?) and this is my only transaction in the year.
As of January the next year, the amount I have to use in Seichou is…12M? 11M? 10?
I got married last year and my wife hasn’t had any source of income for years (she’s on a dependent visa too). My employer didn’t include her information on my gensen choshu and is refusing to do anything about it, saying I have to do it myself. But frankly, I’ve no idea where to even start and I’m told I could get money back for having a dependent wife?
On topic but trying to plan for next year.
Made some considerable capital gain on some stocks I sold from a 特定口座 to move to my new nisa. Now I’m thinking about selling some losers for some tax loss harvesting. I’ve never done 損益通算 in Japan so I am wondering about the following.
I have
住宅ローン控除
ふるさと納税
損益通算(this year)
Normally I just do one-stop and the year end adjustment and get it over with easy but with these 3 should I just do all 3 for my tax return next year? Could I just do the loan for year end and leave furusato and 損益通算 for the return?
Can someone walk me through what happens in this situation?
1. Fill up your 新NISA yearly limit for 5 years
2. Move back to home country for 1 year, becoming a tax resident of that country (and I suppose losing Japanese tax residency). This should mean you need to liquidate your NISA if I’m understanding correctly,
3. Move back to Japan to reestablish tax residency.
Upon returning to Japan, can I immediately fill my NISA back up with 5 years worth of allowance, or is it basically like starting back from year 0?
Bonus question: Let’s say I have an old tsumitate NISA account as well. Can I fill that back up upon returning or is it lost forever?
>Japan’s biggest online brokerage SBI punished for market rigging
>
>The Financial Services Agency ordered SBI Securities to halt part of its business related to initial public offerings through Jan. 18 as a penalty for having manipulated clients’ post-IPO share prices.
>
>Bloomberg
I picked SBI over Rakuten due to Rakuten being Rakuten, but I don’t like to support crooks.
What’s the best online place to sell old hardware I don’t use? Years ago I used Craigslist but I don’t know if it’s still ok or not.
I can handle payment myself and don’t want to use a “flea market” app that charges you 10%.
I need to get my lazy ass up to the PC and start typing in the kakutei shinkoku.
It’s going to be interesting this year. Had two jobs, got laid off from both. First one paid dearly for that and that also needs to go in to the calculations. Second one is about to get sued. At least no options/espp/rsu shenanigans this time.
Deducting all that self-paid health insurance and pensions, prepayment of residence tax and all that fun…
Oh and thanks for all the insurance providers not sending me the postcards this year because I opted in the .XML download last year. How I’m going to remember all the shit my wife signed us up for.
Come February I can change my flair to 20+ years in Japan so at least I’ve got that going for me 🙂
Interactive brokers stupid question. Have to have 1,000,000 to throw at them before I can open an account correct? Even the the ETF I want to buy doesn’t have a minimum? 🤔
Maybe this is not the place to ask, but what would realistically happen to the wealth tied up in NISA accounts and similar vehicles in the event of an armed conflict in the Pacific or some other big war? Would the financial risk to a NISA holder be greater vs someone with just a regular savings account or even just someone with cash hidden under the futon?