Banking question
#14
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Originally Posted by tntrac,Jun 14 2010, 08:55 AM
What about 5k twice (two transactions) on the same day?
tnt
-a
#15
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Originally Posted by f23power,Jun 14 2010, 02:05 PM
you are fine. make a $5000 deposit and another $5000.01 deposit that will prompt the teller for a CTR and an SAR.
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not prompt or prompt?
#17
i was audited for this exact reason...and from what my cpa said was anything over 5000 deposited is reported to uncle sam..if you have too many of these and your taxes show a whole lot less than what has been deposited....then expect an audit. the good thing is you can get gifts from family members to you, wife, kids....10 stacks a piece. I got 5 kids so it all worked out. gift from mom and pops to me and the fam bam!!!