Tax risk on getting money that I lend to relative overseas back to US.
I'm a US green card holder. I lent my US earned after tax money to relatives in a foreign county (parents and brothers, sisters) by several wire transfers. Now they are returning part of the money to me by wire transfer from their foreign bank account to my US bank account. I do not have a foreign bank account in my name. The sum is about $50000. Will this appears to IRS that I'm receiving money, and ask me for tax on this?
I do have the banking receipts that I prevously wired them the money. And the total amount money I wired to them exceeds the amount that I'm getting back. They are my money, and I already paid income tax on it. But I just want to avoid unnecessary hassle from IRS. Any possible risks I should be aware, and do I need to fill in any form on my tax return this year?
Thanks.