Quote Originally Posted by 777 View Post
A reasonable summation I think. I am surprised that Fishers give tax advice though.
Yes, in a way I am surprised too 777. FNZ ,Custodian for Fisher Funds Investments (and other coys also I imagine) send out their Tax User Guide with their Tax Report to assist with tax return preparation. They repeatedly state that investors should seek advice from a professional tax adviser. I have difficulty knowing who that brilliant person would be. I asked my accountant but he wasn't sure and said he would have to go to a third party (not sure who) and that while it would be a definitive answer it would cost $150.00!! Beats me why it has to be so difficult. In the guide FNZ say they assume fees and charges are deductible (item 20 in the report )and even show what box to put item 20 expenses in the IR3! Hello?!

I think I may have opened a "can of worms" and I wonder how many other Fisher Funds investors have filed incorrect tax returns over the years which IRD have accepted... up until now!