Frequently Asked Questions
【Koshida Accounting Firm Column Date:】
Do I need to keep records of my U.S. investments before moving to Japan?
Yes. Japan generally uses the moving-average method to calculate capital gains, while the United States often uses the FIFO method. Keeping detailed records of your purchases, sales, and retirement account contributions before moving to Japan can make future Japanese tax reporting much easier.
For more details, please refer to our blog, “Moving to Japan? How Your U.S. Income Will Be Taxed.“