RetireJapan

Thanks Beaglehound! Really helpful insights. I'm looking into this but in discussions with a US tax lawyer, one option is to do a quitclaim deed which updates the title prior to sale making me sole owner. It's an option to simplify the whole process and my spouse and I are on good terms and trust ea...

Yes that is correct the house in the US is under both of our names. Thanks for asking.

Tkydon, thanks for the your insights. To answer your questions, - We've owned our house in the US for 21 years. - Our cost basis on the home is around $420K and given the crazy home values on the west coast we expect to sell our home in the $1.4M range. After the $500K married deduction, the capital...

Thank you both very much for the feedback and suggestions. One other question from a slightly different angle, I can imagine that if I should send a large sum this may require answering questions - either from the bank or potentially tax office. Since I've been in Japan less than 5 years, am I legal...

Hello, Apologies if this topic has previously been addressed. But curious if anyone has familiarity with tax implications for sending large sums from personal US bank account to Japan. I've not been able to concretely answer whether I may be taxed on doing this... I will have already paid capital ga...