KristinaK
Employee Tax Expert

Other financial discussions

From a tax reporting perspective, I cannot think of any additional reporting requirements. It is not income. It is not a gift, inheritance, etc. You already reported the foreign account and hopefully, filed form 8938, if you were required to. 

 

There is a possibility that a unit of the Department of the Treasury may scrutinize the transactions. If they do, you can explain the situation and your intent.

 

 

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