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nightwork t1_iy8b54s wrote

What do you think happens when you deposit more than 10k in a bank account?

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peter303_ t1_iyb7afb wrote

I occasional move 20 times that and nothing happens.

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otterlyeeg OP t1_iy8dabt wrote

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.

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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.

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