Submitted by otterlyeeg t3_z7vpiw in personalfinance
otterlyeeg OP t1_iy8dabt wrote
Reply to comment by nightwork in Received a small inheritance in two parts, how long should I wait between deposits? by otterlyeeg
I genuinely wouldn’t know as I never have- I make about $3,200 per paycheck and while my bonus is 10% of my income, it’s obviously taxed highly so I’ve never had an amount above $6K hit my bank account at once.
itsdan159 t1_iy8edb1 wrote
The answer to break the suspense is 'absolutely nothing'. Currency transaction reports, which is what your grandmother was misinformed about, are for cash transactions, and even then it has nothing to do with taxes or audits but money laundering.
sonnyfab t1_iy8e3he wrote
Nothing happens. Deposit the money.
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