pk
Level 15
Level 15

Get your taxes done using TurboTax

@jyee315 , generally there is no tax impact of moving monies between  US  bank accounts and international bank accounts of same person. There is also no tax impact of transferring monies between accounts owned by you and one owned by your spouse , even if in a different country  ( unless  US " Sanctions" are in effect).

Your outgoing bank will indeed raise a SAR ( Suspicious Activity Report )  on all incoming or outgoing transfers/wires on US$10,000 or more, but these are generally  just flags and dealt with internally.  For  transfers of 1M or more , there may be treasury permissions required ( and depends on the country).  But again no tax impact.

There is generally no "gift" recognition between spouses, especially when you are transferring monies to buy / acquire  joint/ marital properties.

 

Is there more I can do for you ?