Aust/US tax rules changed Jan 1, 2015. Does this affect the reporting to IRS of annual growth of superannuation fund "profit"?
Any views from tax professionals/US tax lawyers on this issue. Growth about $20,000 to $30,000 pa.
No pension or withdrawal has ever been taken from this superfund, as it is mandatory under Austn law and in what is deemed in Aust as "accumulation" phase". In Australia a superfund is designed to support you instead of a govt pension in retirement.
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