Hello,
I have always filed FEIE but learning more about FTC and how that may be a better filing for me and my family. Looking for advice on what others have looked through or how they have decided how they would like to file? Pros and cons of either FEIE and FTC…
Married couple
35yr old US citizen (soon to apply for Permanent residency in Japan)
45yr old Japanese citizen
6yr old child
No plans of leaving Japan, hope to own property in the next 5 years.
US citizen income is 11,000,000\~yen
Japanese citizen income is 4-6,000,000\~yen
\+We average around 2-3000usd a year in dividends (hopefully more as time goes on)
\+We (hope to) sell off around 10-20,000usd a year in stocks to harvest gains with little to no tax benefits.
by Puzzled_Brain_53