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Taxes / Moving to the US after 20+ years of teaching in Asia
« on: November 16, 2021, 05:27:05 AM »
My wife and I have been living and working in Asia for 20+ years. We are relocating to the US in June 2022. Over the years we have been investing our savings in the US market and we have a chunk of capital gains in our brokerage account that have not been taxed.
My biggest question is how to proceed with our transition home, tax wise. We have always filed the FEIE and have always come under that number (paid no taxes). We are just wondering if we should think about some capital gains harvesting in 2021 while still under the FEIE.
Appreciate any insight you can provide,
Kurt
My biggest question is how to proceed with our transition home, tax wise. We have always filed the FEIE and have always come under that number (paid no taxes). We are just wondering if we should think about some capital gains harvesting in 2021 while still under the FEIE.
Appreciate any insight you can provide,
Kurt