Do I have to report to the IRS the $50,000 I intend to bank wire via SWIFT from my local bank account in Italy to my bank account in the US?

[georgesT · Accepted solution]

If it is not income you received and you are just moving money from one account to another, then it is not reported on an income tax return.

Bank transfers from your personal foreign bank account to your personal US bank account are not reported on a federal tax return. The bank will report the transaction.

[gian-spqr]

Thanks for the rapid reply.