This is our (me US, wife Japanese) first year back in Japan (have lived there previously) and over the past few years while living abroad in a different country we have been harvesting capital gains using our deductions. So on our American tax return side of things I am able to sell off/lock in gains for approx 26k USD a year tax free.
Now that we are back in Japan, will I still be able to lock in/harvest these capital gains, what is my responsibility to share with Japan?
Hope that is somewhat clear, if not I can answer any clarifying questions.
Or if anyone has any advice related to harvesting capital gains back in the states please let me know! Just found out about this 2-3 years ago and hoping its not too good to be true while we live in Japan.
by Puzzled_Brain_53