How much cash can you deposit before it is reported to the IRS?

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asked Jun 10 in Other-Finance by Calotvee (320 points)
How much cash can you deposit before it is reported to the IRS?

1 Answer

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answered Jun 10 by Minty (23,540 points)
You can deposit any amount of cash under $10,000.00 before the bank is required to complete an 8300 form which is used to inform the IRS of the cash deposit.

If you deposit $10,000.00 or more in cash or checks then the bank is required to report the deposit to the IRS.

Also if you make 2 deposits of $5,000.00 within the same week then the bank will be required to report that deposit to the IRS on the 8300 form.

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