If you are a US person for tax purposes (citizen, green card holder, or resident alien) you must report gifts of more than $17,000 per person per year. Gifts are not taxable unless your total lifetimes gifts are more than about $14 million, but large gifts must be reported to track against your limit. This is done using form 709. This is not included in Turbotax, and is filed separately from your tax return, but the deadline is the same (April 15, 2025 for gifts made in 2024). https://www.irs.gov/forms-pubs/about-form-709
No other notifications need to be made for the wire transfer. The banks will automatically take care of any transaction reports that need to be filed for movements of large amounts of money.
