Do I have to report and pay taxes on gains in my private Irish (foreign pension) account? I did not receive any distribution ever. I am not entitled to any distributions since I have not reached the retirement age yet. The units did not generate any gains but dollar to euro fluctuations created capital gain on these assets in USD. Do I have to report these gains as foreign income on the tax return?
In my mind, it is like taxing unrealized capital gains since the assets never been sold nor distributed to me.
Please advise.
