topic If I transfer money from my foreign bank account of amount $100,000 to my bank account in the US do I have to declare this amount on my 1040 form? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-i-transfer-money-from-my-foreign-bank-account-of-amount-100-000-to-my-bank-account-in-the-us-do-i/01/588491#M76711 <P>Mode of transfer can be by T.T or by depositing a bank draft.&nbsp;Is that money subject to taxes in any form?<BR /></P> Wed, 05 Jun 2019 23:44:10 GMT uxk8396 2019-06-05T23:44:10Z If I transfer money from my foreign bank account of amount $100,000 to my bank account in the US do I have to declare this amount on my 1040 form? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-i-transfer-money-from-my-foreign-bank-account-of-amount-100-000-to-my-bank-account-in-the-us-do-i/01/588491#M76711 <P>Mode of transfer can be by T.T or by depositing a bank draft.&nbsp;Is that money subject to taxes in any form?<BR /></P> Wed, 05 Jun 2019 23:44:10 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-i-transfer-money-from-my-foreign-bank-account-of-amount-100-000-to-my-bank-account-in-the-us-do-i/01/588491#M76711 uxk8396 2019-06-05T23:44:10Z And .... what is your income tax related  question ? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/and-what-is-your-income-tax-related-question/01/588493#M76712 And .... what is your income tax related&nbsp;&nbsp;question ? Wed, 05 Jun 2019 23:44:11 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/and-what-is-your-income-tax-related-question/01/588493#M76712 Critter 2019-06-05T23:44:11Z If it is not income then it is not reported on an income... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-it-is-not-income-then-it-is-not-reported-on-an-income/01/588495#M76713 If it is not income then it is not reported on an income tax return ... so if you are just moving money from one account to another you have nothing to report on an income tax return.&nbsp;&nbsp;The bank may have paperwork for you to sign. Wed, 05 Jun 2019 23:44:13 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-it-is-not-income-then-it-is-not-reported-on-an-income/01/588495#M76713 Critter 2019-06-05T23:44:13Z The bank will report the transaction but if it is money b... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-bank-will-report-the-transaction-but-if-it-is-money-b/01/588498#M76714 The bank will report the transaction but if it is money being moved between accounts you own, there are no tax issues or reporting. Wed, 05 Jun 2019 23:44:14 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-bank-will-report-the-transaction-but-if-it-is-money-b/01/588498#M76714 Opus 17 2019-06-05T23:44:14Z