This is a good question. I won't talk about other countries, let's talk about China. If you are a tax resident of China and lose money when copying US stocks, do you need to pay taxes? Firstly, my friend asked if CRS is required, which I can roughly understand. The meaning is whether the CRS information of losing money will be subject to taxation, because regardless of whether the money is lost or not, the exchange of CRS will be carried out. Secondly, it should be noted that in China, taxation is not based on the total profit and loss of an account from opening to the present, but on the overall profit and loss within the same tax year. For example, last year your US stock account lost $300000, but this year you have earned $100000. Many people's understanding is that I still lost $200000 in two years, so I don't have to pay taxes on the $100000 I earned this year. This understanding is most likely incorrect. Because in practical tax management, overseas stock trading can offset profits and losses within the same tax year, but generally does not allow cross year offsetting. That is to say, the $300000 loss last year cannot be used to offset the $100000 earned this year. For example: In 2025, your US stock account will incur a loss of $300000 for the entire year. There was no positive income this year, so there is usually no property transfer income tax generated from US stock trading. In 2026, your US stock account will make a full year profit of $100000. Although the total loss for two years is still $200000, it will be profitable in 2026 alone, and this $100000 may need to be declared as income from overseas property transfer. If calculated at 20%, it is: 100000 USD x 20%=20000 USD equivalent in RMB tax. And what we are looking at here is the annual total account profit and loss, not a single profit and loss, nor a cumulative profit and loss across years. One more thing to note here is that if it is the same Chinese tax resident, the same tax year, or the same type of overseas stock trading, the annual total results are generally considered, not broken down by individual accounts, securities firms, or countries. For example, if you have two accounts: Account A: Annual loss of $100000 Account B: Annual profit of $200000 So this year as a whole is: 200000 to 100000=Net profit of 100000 US dollars If calculated at 20% of the proceeds from the transfer of assets in overseas stock trading, theoretically it is: $100000 x 20%=RMB tax equivalent to $20000 It's not like paying taxes directly on account B's $200000, nor is it because account A lost $100000 that there's no need to pay taxes at all. It's still not over here As mentioned earlier, if both accounts are overseas stock accounts, with one losing 100000 yuan and the other earning 200000 yuan, you can try to handle it based on the total net profit of 100000 yuan from overseas stock trading in the same tax year. But if one is a stock and the other is a futures, it cannot be simply merged. Stocks are income from the transfer of overseas stock assets, while futures are derivative transactions, and their tax attributes are not completely the same. Futures losses should not be directly offset against stock profits. So if the stock earns $200000 and the futures lose $100000, then the stock side will pay a separate tax based on the overseas stock income of $200000, and the futures side will declare it separately. Bitget is here, VIP! Crypto、 US shares CFD， Global Advantage One Stop Layout