Do I need to report a deposit of over $10,000 from personal loan and when I withdraw the money too? Submitted by lalaba0987 t3_10plx03 on January 31, 2023 at 2:41 AM in personalfinance 28 comments 0
PM_Georgia_Okeefe t1_j6mtgas wrote on January 31, 2023 at 1:23 PM Report to who? IRS? No. It's not income. The bank will know where the money is coming from in terms of terrorism reporting rules, so it's not your problem. And then it's your money to do with as you please. Permalink 1
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