Carl
Level 15

Get your taxes done using TurboTax

You don't report individual transactions on a tax return. You only report totals. The totals will basically "cancel out" the fact that a transaction occurred at all.
On your joint return there will be shown a total amount of transfers out and a total amount of transfers in. So if $100 is out and $100 is in, they've effectively canceled each other out on the "bottom line" of the joint return.