Talk of The Villages Florida - View Single Post - Bank to open Checking Account
Thread: Bank to open Checking Account
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Old 03-17-2021, 08:11 AM
retiredguy123 retiredguy123 is online now
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Quote:
Originally Posted by dewilson58 View Post
Nope.
The reporting requirement is at $10,000.
True, but, even if the amount is greater than $10,000, I don't think the bank needs to determine where you got the money. They just need to report the transaction to the IRS.