What is the minimum deposit amount that banks are required to report to IRS?
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Banks do not report deposits to the IRS. They are, however, required to report large transactions in currency. That includes any transaction in which more than $10,000 cash is brought in to, or taken away from, the bank.
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Banks do not report deposits to the IRS. They are, however, required to report large transactions in currency. That includes any transaction in which more than $10,000 cash is brought in to, or taken away from, the bank.
