[mtdjed]

My wife just made over $600 in a garage sale. She will deposit this in a bank account, Supposedly the government , under a proposed new bill will require the bank to report this to the IRS. If that were to pass, what would happen to that info? Would we be required to justify the source of the deposit? Would we have to show the initial value of the items to determine if there was some income.

Obviously dumb questions, but only because of a dumb proposal. Why does this even become the subject included in a congressional bill? Who are the architects of this nonsense?

Maybe she should make two deposits on separate days. That should create a value to hire extra IRS personnel to investigate. Any bill that includes such nonsense should be declared invalid because of congressional ineptness.

In fairness, I have not read the bill and cannot say what would happen. Only responding to what has been reported.