I see three issues here.
1. If you are a US person (citizen, green card or resident alien) then you are subject to US tax law. That includes the fact that you must file a US tax return that reports and pays US tax on all your world-wide income. In this case, that means you owe capital gains tax on the sale of your property, if you had a gain (sold it for more than. your cost basis). Not the proceeds, but any gain.
https://www.irs.gov/taxtopics/tc409
This is true once you sell the property, no matter where the money is being kept. If you sold the property in 2024, you report the gain on your 2024 tax return, no matter where the money is located.
Very briefly, you would report the cost of the property in the USD equivalent for the day, month or year you bought it, report the proceeds in USD as of the day you sold it, and pay capital gains tax on any gain (increase) in the value. If you had a loss, the loss is tax-deductible if this was investment property, but the loss is not deductible if this was personal property.
If you also owe tax in your home country on the same income, you can claim a deduction or credit on your US tax return to reduce the effect of double-taxation
There are sometimes exceptions to these general rules if the US has a tax treaty with the other country that discusses the subject. Another expert will have to tell us whether there is a tax treaty with The Philippines.
2. Moving your own money between banks is never, by itself, a taxable event. If you move more than $10,000, the banks are required to make a report, but this is routine, and does not by itself create the assumption that money is taxable. However, if you intentionally structure the transfers to avoid this reporting requirement (such as making 3 transfers of $8000 instead of one transfer of $23,000) that can sometimes create a financial crime even if the money is perfectly legal. Don't worry about the transfer, if you want your money in your US account, go ahead and move it there.
3. If you own or control a foreign bank account that has more than $10,000 US equivalent funds at any time in the tax year, you must file a disclosure called and FBAR report. This is due the same time as your tax return (April 15), but is not part of Turbotax. You do it separately online. No tax is owed, it's just a report, but there can be a fine if you don't file it. So for 2024, you will need to report the foreign account which held the sales proceeds even if it was temporary. (But only if the money was in an account you controlled. If the money is in your attorney's escrow account and is being wired to your personal account in the US, then you don't control a foreign bank account because it is your attorney's account.)
https://www.irs.gov/businesses/small-businesses-self-employed/report-of-foreign-bank-and-financial-a...
