I am planning on moving back to the US this year along with my Japanese spouse. My spouse has an iDeCo account where we moved all current and future funds to 元本確保型商品 – 定期預金 before the end of 2023 in order to remove an PFIC hassle on future taxes. My assumption was that now the funds will just be viewed as glorified bank savings, but could someone clarify if this understanding is correct?
by nisenihonjin1