Taxonomy Term always displays source language.

I have a taxonomy vocabulary using the new entity translation, field level translation for taxonomy. I have replaced the name and description fields with real fields and both are translatable.

I have an entity reference field on a node that uses the vocabulary above and displays the terms using the rendered entity field formatter.

The node uses field level translation but the entity reference field is not translated.

The taxonomy terms are translated, but the entity reference field always displays the content from the source language.

Seems similar to this: https://www.drupal.org/node/1674792