<prompt> Human: I have roth ira and 401k accounts both of which are primarily invested in target date 2045 mutual fund. since this mutual fund is invested in international investments, and would generate income from those international investments, will it make tax reporting complicated when i start receiving payments when i retire?  <response>: No.If you own a fund in a taxable account that contains international stocks and bonds that are subject to foreign taxation, you may be able to deduct some of the gains off your taxes to account for foreign taxes paid. This doesnt apply to tax-advantaged accounts, and even if it did it would reduce your taxes owed, and wouldnt complicate your taxes too much.In terms of foreign asset reporting requirements, you do not have to file IRS Form 8938 or Treasury FinCEN Form 114 for foreign assets held within a domestic mutual fund. 