▲ 1 r/CPA
Hello group,
My wife and I recently moved to Boca Raton in September 2025. She is here on an L1A visa, and I am here as her dependent on an L2 visa.
I have been transferring my own personal funds from my savings account abroad to my US bank account. These transfers are usually between $4,000 and $7,000 each month.
I wanted to ask a professional:
- Is it okay to continue these regular transfers from my foreign savings?
- Do I need to report these transfers specifically, or file any special documents with the IRS for these monthly amounts?
- Will I owe any US tax on this money, considering it is my own pre-existing savings and not new income?
I want to make sure I’m doing everything correctly for our future residency status. Looking forward to your advice!
u/Asleep-Amphibian7013 — 17 days ago