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@johnnyfred1 It sounds like you are a permanent Japan resident taxpayer and would be even if you were not a Japanese citizen.

@johnnyfred1 Did you reside and pay Japan taxes before 2013? Do you still have a residence in Japan that you were using for 9/12 months per year. https://taxsummaries.pwc.com/japan/individual/residence

@kristhuy Thanks for your response. You are correct. I do not have tax being withheld on my US-source dividends. It was a poorly worded hypothetical scenario. I appreciate you taking the time to share your expertise and answer my many questions. Hopefully the exchange will help someone...

@kristhuy Thanks again. That helped a lot. I spent some time wading through the Tax Treaty, Tax Treaty explanation and your various references. It is starting to make sense. It looks like the only things that I can claim a foreign tax credit for are the interest and dividends. If my...

@kristhuy Thanks for your quick reply. I tried to read through all of the references included in your summary and references that I found along the way, but it is a bit overwhelming to say the least. Just to be clear: dividends for stocks I own in the US are foreign source and dividends/cap...

@kristhuy My capital gains are from US stock sales and US mutual fund cap gain distributions and would be included in the foreign source. As you said, the comment about cap loss carryover impact and AGI is only relevant to my US tax filing. One other point to confirm: the foreign tax paid...

@kristhuy Great summary! This helped me a lot. I want to confirm my understanding of the "adjusted foreign income amount". I have a large capital loss carryover that offsets my cap gains and reduces my AGI by $3000. The foreign income I would show on the FTC form would include the cap gains...

@jbrad01x And the 13 yen was after tax was withheld…..