RetireJapan

Also, to ask a second question, can the basic deduction (¥380,000) be used on capital gains? So if I only had a profit of ¥200,000 from selling, I could take the basic deduction and not have to pay taxes on those short term capital gains?

Well that’s good I guess. I’ll just try not to become a multimillionaire while I’m here in Japan.

Also note that to prevent people from gaming the system, Japan also has an "exit tax": if you're a permanent tax resident with significant worldwide assets (approx 1 million USD or more) and leave Japan, you will have to pay a tax on unrealized capital gain from your worldwide investments...

I didn’t realize I could still take the standard dedication after FEIE. That would really be great if I was in the US, because I wouldn’t have to pay tax on my short term capital gains (it would be under $12,000), but Japan wants to tax me on it just because, why not? I guess it makes no difference ...

Yeah. I’m aware that I can only claim FEIE on my income in Japan. So my capitol gain tax would counted as income in the US and here in Japan. From my understanding Japan has a 20% tax rate on capitol gains. For this trade (if I sell) I would incur a %10 short term capital gain tax in the US. I just ...

Hi guys. New member here. I did some searching here, as well as online but for some reason it’s hard for me to find a real concrete answer. So I thought I would just explain the situation, and maybe get some good input. I am American, and I’m a tax resident of Japan. I opened a interactive brokers a...

This is what always annoys me? Something so complicated that even the “tax professionals” don’t even know if they are doing it right. I feel like looking for the most favorable interpretation of the tax laws would be in your best interest. I mean, if they are doing your taxes, are they responsible i...