Is this a tax event: transferring money between family members

[yuezh19]

I have a loan to a business couple of years ago and I was about to be paid back last year for about 800K. However, during that time period, I did not have a bank account in US, so the loaned money was paid to my daughter's bank account, who is an international student in US. Since I have started my employment in US few months ago, I'd like to transfer the money from my daughter's account to my own. I'm a US tax resident. Therefore, I wonder that if the transferring between my daughter's account to mine is a tax event. If it is, what tax form my daughter or I should file and what's the taxation on this action? The 800K is the money I lend to a business. All loan agreements and relevant paperwork is available. Thanks for your advice. 

[pk]

@yuezh19 

(a) It is not a tax event

(b)  transfers between banks  always result in a SAR  ( Suspicious  Activity Report )  being raised per  treasury requirements but usually once the provenance is prov ed there no further action.   Your daughter may have to answer some questions to prove the trail is legitimate.

(c) Keep your records   if by any chance  there is an audit

Is there more I can do for you ?