Hello. I am just trying my luck here if any body know how to deal with this situation. I will be receiving quite a large sum of USD for insurance payout from outside of Japan in 2 months time. I have already opened a foreign currency deposit account with Prestia Bank since I don't want the money to automatically convert to yen. What I am concern is that I don't know what or how to declare this insurance claim. Should it be declared under Miscellaneous Income? Should I just hire an accountant and declare them together with my regular income at the end of the year?
by BlockMaster42