Ask Terry Questions Cash deposits

Cash deposits

By Terry Savage on January 08, 2023 | Chicken Money

How do i submit cash to a bank so i can get interest that i have saved over the years where it doesn’t get reported to IRS by the bank

Terry Says

If you deposit more than $10,000 in cash a bank must report it to the IRS. Of course, you could have accounts in more than one bank, keeping your deposits under that limit.

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