RetireJapan

... I assume the taxable event will be "when the money is brought over to Japan?" ... I'd think it would be the date paid (received), and it would not matter that it stayed in the original currency that it was paid in, whether (when) it was transferred here, etc. This would be similar to ...

And this opinion: Don't Panic About a Yen Free Fall

... Hyperinflation is not really on the table but for a long term Stagflation environment most likely. ... Even back in the late 70s, the US did not experience hyperinflation--and inflation was (much) higher for longer than the recent spike, in either the US or Japan. The glimmer of stagflation tha...

Have them break it in two--half this year, and the other half in Jan 2025. No worries about gift tax.

Or a more now ($6800), the rest later. Still under the ¥1.1m limit.

OK. It seems like we're gradually getting to a more thorough understanding of the taxation of US Social Security for American expats living in Japan. To sum up things thus far, a US Person (such as the OP, booyah) who is resident in Japan must report US Social Security income to BOTH Japan and the ...

What is this Awful PFIC rule? I'm an American who just opened a new nisa account with SBI (took forever). I purchased a bunch of the UFJ eMaxis series, but just noticed this thread about Americans being required to file lenghty and complicated PFIC tax forms. Is this something an online tax service...

Purchase price converted at the GBP:¥ rate on the buy date; sale price converted the same way at the different rate for the sell date.

... From the transcript: "This is the risk if you retire in the year 2000, right? You retire, you think, wow, look at all this money I've built up. Wow, Cisco's doing so well. And then boom ,the dotcom bubble burst, you're 50% down, and you actually won't recover in real terms. So I think 13 y...

... With the JPY were it is now, a year abroad probably starts at ¥3,000,000 and the sky is the limit. ... For a while now, national uni have had a very nice exchange system with other uni around the world. While you do have to test into it--be accepted at the school here (as being their sponsoree?...

The purpose of the rules is for Japanese, so that people don't just leave Japan to get an inheritance out of the way, and then (probably) come back. Foreigners just happen to be caught up in it, too. I have some sympathy for Japan's approach. It attenuates intergenerational wealth transfer and accum...