Pull cash from bank? How much can you withdrawal ? Do I need to report to irs? - The Great Awakening

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Pull cash from bank? How much can you withdrawal ? Do I need to report to irs?

posted 1 year ago by queue-anon 1 year ago by queue-anon +49 / -0

Seems like a good idea before there is a bank run due to various reasons. Do I have to report a withdrawal of like 5k?

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– huggamoogle 2 points 1 year ago +2 / -0

Sorry, just reread your comment and you are correct that even though a CTR is filed, it’s basically meaningless if you’re not doing anything fishy like financing terrorists. I had many regular customers that dealt in cash for various reasons and I never bothered them about it, there was nothing concerning about how they would operate so I’d just do the paperwork and not bug them with questions so we could all move on with our day.

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