My LLC received a $24,000 wire from my personal foreign account. Do I have a special U.S. reporting form just because it crossed $10,000?
I am in Turkey and wired $24,000 from my personal bank account into my Delaware LLC to cover development and contractor costs. The bank processed it normally, but then a friend told me that anything over $10,000 into a U.S. account creates some kind of mandatory IRS form.
I know owner funding can matter for Form 5472, but I am asking a narrower question here: does the wire amount itself trigger a separate filing just because it was large and international?
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