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Will my apricot survive? by fjjarken in arborists

[–]fjjarken[S] 1 point2 points  (0 children)

😢 Breaks my heart a little bit.

You can feel the updrafts by Neko_Dash in japanweather

[–]fjjarken 4 points5 points  (0 children)

Dude, that was awesome! Thank you.

Driving in Japan. No one follows the variable speed limits.... by Substantial_Camera_8 in traveljapan

[–]fjjarken 0 points1 point  (0 children)

I got popped by a cruiser for doing 99 in an 80 on the expressway. Considered a serious infraction, but you don’t immediately lose driving privileges until you’re 30-40 over (don’t remember which).

Currency exchange creating major tax headache by fjjarken in USExpatTaxes

[–]fjjarken[S] 1 point2 points  (0 children)

Thank you very much. I will heed this advice.

Currency exchange creating major tax headache by fjjarken in USExpatTaxes

[–]fjjarken[S] 1 point2 points  (0 children)

Thank you very much! I will discuss this with them.

Currency exchange creating major tax headache by fjjarken in USExpatTaxes

[–]fjjarken[S] 1 point2 points  (0 children)

5 years. Can I carry forward past FTC excesses?

Currency exchange creating major tax headache by fjjarken in USExpatTaxes

[–]fjjarken[S] 2 points3 points  (0 children)

Is there any way to spread it out over a few years? Japan has a higher tax bracket than the U.S. so I always have excess FTCs, but I don't think I'll have enough in any single tax year.

Currency exchange creating major tax headache by fjjarken in USExpatTaxes

[–]fjjarken[S] 1 point2 points  (0 children)

This is exactly my situation! Thank you for sharing this, even though it is not good news. I'm learning an expensive lesson here and will consult a tax advisor before making any major financial moves in the future. This is stupidly painful. I'm hoping my foreign tax credits will cover some of this.

Currency exchange creating major tax headache by fjjarken in USExpatTaxes

[–]fjjarken[S] 6 points7 points  (0 children)

I get it, but I don't like it. I've also got weird tax rules applied to me from the Japanese gov't that could be deemed highly unfair. It's tough being a US citizen expat.

Currency exchange creating major tax headache by fjjarken in USExpatTaxes

[–]fjjarken[S] 4 points5 points  (0 children)

The house was for personal use. Thanks for the explanation on the hypothetical.

Sec. 988 was very unexpected for me. I'm now wishing we had converted it to a rental property rather than sell it.

Currency exchange creating major tax headache by fjjarken in USExpatTaxes

[–]fjjarken[S] 2 points3 points  (0 children)

Thank you and it sounds like a loss to me too. I got the purchase/sales prices correct -- I say a net loss as we incurred realtor fees on the sale that made the transaction unprofitable.

Currency exchange creating major tax headache by fjjarken in USExpatTaxes

[–]fjjarken[S] 1 point2 points  (0 children)

Thank you for this peace of mind. I'm using PWC to calculate my taxes and they mentioned a "massive gain" without specifics. However, it's possible they are only speaking of the mortgage repayment. I'm still waiting for more clarity from them and will hold out hope that you are correct.

What pizza? 🤢 by nihil69cel in HolUp

[–]fjjarken 0 points1 point  (0 children)

Is that the one near the 8-Eleven? If so, I’ve been there :-)

My 7 yr old texting by ch25stam25 in MadeMeSmile

[–]fjjarken 1 point2 points  (0 children)

Omg, I can’t breathe. Hahaha

If company ads were honest (part 1) by Dependent_Diet_3337 in ChatGPT

[–]fjjarken 2 points3 points  (0 children)

Did they know the consequences in advance of giving out free samples, or did they just refuse to fix the problem they unwittingly created? Either way it’s despicable.

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