@TomSF I have no issue with @KarenJ2 opinion and the referred article. Yes you should choose which way you want/ need to proceed. My only concern for opting to stay with my position is that this treats all foreign ( absent treaty limits ) the same as US tax deferred retirement saving account and asserts this position as such. Thus it avoids the downstream possible issue ( again absent a specific guideline / assertion in the treaty )of what happens when the distribution takes place. In this particular type of savings account wherein the govt of NZ is participating it becomes more of an issue because most of the treaties that I have studied, the right to tax govt. funded distributions are generally reserved to be taxed ONLY by the country whom paid it. i.e. USA will not be allowed to tax that portion of the retirement distribution ( including growth thereof ) that was from NZ govt. sources. -- it will have to be a Taxed at Source. IMHO
