I am planning to transfer money > 100k from my NRE account to my US checking account. The money in NRE account was transferred from USA account couple of years back.
I am already paying tax in US for the interest earned, declared account in tax return and also filing FBAR yearly for the NRE Account.
I would like to clarify the following.
Can we wire transfer money from my NRE account to USA checking account?
Is there any restrictions for transferring money?
After transferring, do we need to file any forms to IRS regarding money transfer?
Do we need to file any forms in US as part of tax returns for this transfer.
Do we need to inform my local bank in USA regarding the transfer in advance?
Any other legal formalities for money transfer
Thanks in advance. Appreciate your help.