pk
Level 15
Level 15

Get your taxes done using TurboTax

@4150SABALRIDGE , assuming you are US citizen/Resident/Resident for tax purposes,  the bringing  of monies from a foreign account is not a taxable event.  However two  points to note ---- (a) if the amounts sat in a foreign account that you own   then  both FBAR ( form 114 at BSA-Efiling  or  FinCen.gov )  and FATCA  ( form 8938 along with your return )  filings  may be required.  ;   (b) if the monies came as gift to you  then to the extent the  total amount ( no matter where deposited ) is  equal or  over US$100,000, you may have to file a form 3520.

 

Does this help or do you need more  on how to file these forms etc.  ?