DaveF1006
Expert Alumni

Deductions & credits

No.  There is no additional report you need to make to the IRS in regards to transferring your own money.  You have complied by filing the FBSAAR report.

 

Your bank may report the incoming wire transfer in accordance with the Bank Secrecy Act if it is over $10K but you have covered your base by reporting your foreign account on a FBAR report.  You do not need to do anything additional.

 

Bank Secrecy Act

 

 

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