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Get your taxes done using TurboTax
If it were a gift, you would file Form 709, but even if it were a gift, there would be no tax if you did not pass your lifetime limit.
If it is repaying a loan, keep the documents with your tax file (such as receipts from what you paid with the loan) but you don't need to report anything.
Yes, you may transfer the funds to a US bank.
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March 20, 2021
12:26 PM