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@sadmamacat Yeah. Thinking about it it should make filing on the Japanese side easier. I won’t have to convert the exchange rate for each dividend paid out into yen. I assume since it will be the Japanese IB, they should have Al the proper tax forms available. No idea about the US side. But is...

@sadmamacat Thank you for the clarification. Since I only buy EFTs and individual blue chips stocks, most of my stocks are there. EDIT: after checking the list of US stocks, all my individual stocks (even some of my smaller speculative companies) are listed, as are all my ETFs except one. So...

@sadmamacat I'm a little confused by this list. So are only the stocks listed under "Japan" the ones we will have access to? Since this is the Interactive Brokers.jp page I wasn't sure. Or are the stocks listed under “America” and other countries also available to us?

@kristhuy Amazing info as always! Now I’ve just gotta figure out how the US views the sell of crypto in Japan and the taxes paid on it. I’ve heard stories of double taxation getting near 50% between the US and Japan.

@hark Definitely.

@hark Yeah, that makes sense. I was thinking more about the bigger gains you might have to pay due to the fluctuation in the exchange rate. So in your example, you buy a stock at $10 in 2005 when the yen was ¥110 to $1. But you move to Japan and sell in 2024 when the stock is worth $100 but...

@hark Yeah. I’ve heard about this. I heard it’s best to reset your cost basis before you leave by selling everything and rebuying. Which of course sucks because you have to pay tax on your gains, and kind of loose that compound interest you’ve accumulated, just to then re-buy everything. But...

Awhile back when I was asking my friends if they had a tax accountant, and what they charged, one of my friends said that his accountant takes 20% of their tax refund as their fee. I didn’t think much of it at the time, but came across this post, where everyone saying it was unethical (maybe...