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etai
June 1, 2019
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Do I need to report and/or pay tax on transferring money from my own foreign bank account to my US account?

  • June 1, 2019
  • 1 reply
  • 0 views
I want to transfer money, about $150,000 from a foreign account under my name, that was reported in recent years through FBAR form, to my account in the US. Are there reporting and taxing requirements for that?
Best answer by DoninGA

You do not report the transfer of funds from your overseas account to your US account on a federal tax return.  There is not an IRS reporting requirement for funds transfer from your personal foreign account to your US personal account.

1 reply

DoninGA
DoninGAAnswer
June 1, 2019

You do not report the transfer of funds from your overseas account to your US account on a federal tax return.  There is not an IRS reporting requirement for funds transfer from your personal foreign account to your US personal account.

S
schiattof
June 1, 2019
Thanks! The total divideds where $200, Should i report the full amount or just half in my tax return?
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