I am a Green card holder living in the US. I wired $150,000 from my own bank account in a foreign country into my own bank account in the US. Do I need to report any form to the IRS when I file tax return?
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Wiring money to yourself has no tax consequence. It does tell me that you have money outside the country. Here is a comparison of the FATCA (Form 8938) and FBAR requirements.
Dear ArmyC,
Thank you for your reply. I appreciate it.
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