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April 21, 2024
Question

Wire transfer of resident alien own money from abroad to the U.S.

  • April 21, 2024
  • 1 reply
  • 0 views

Hello,

 

I am resident alien in the US and I previously worked abroad and planning to wire transfer my own money +$200k USD from abroad dormant bank account to the US bank account. Would that wire be taxable in the US? Would I need to fill any form to IRS related to that wire?

 

Thank you

    1 reply

    April 22, 2024

    It is not taxable, but yes you will need to file form 8938 and a FBAR

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