My wife and I are residents of California and U.S. citizens. She has dual citizenship, New Zealand and U.S.A. We have a joint savings account in New Zealand which is inheritance from her family. The amount is substantial and over $10,000 USD. I have reported the
2007 interest paid to the account as well as the Non Resident With Holding Tax payed to the NZ government on Turbo Tax. My question is--------do I use USD amounts by converting NZD dollars, or do I use NZD amounts and the IRS does the conversion?- posted
16 years ago