How much can you withdraw from your bank account at one time w/o being reported to the IRS?

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How much can you withdraw from your bank account at one time w/o being reported to the IRS?

2006-09-20 13:00:52 · 3 answers · asked by Cb 1 in Local Businesses ➔ United States ➔ Other - US Local Businesses

3 answers

as much as you want - it's the deposits that are reportable and I believe it's $10,000 - ($9,999 no problem)

2006-09-20 13:03:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋

It is not the withdrawal but you might have to explain the money if you get pulled over for some reason or try to get on a plane or something with that much cash. You want to at least retain your withdrawal slip to prove where it came from. Unless you are planning on gambling it away, you might also have to report what you do with it.

2006-09-21 01:30:47 · answer #2 · answered by Sam B 4 · 0⤊ 0⤋

spoken as a true foreigner.

you will not get "reported" for withdrawing your own money.

2006-09-20 13:02:58 · answer #3 · answered by Anonymous · 0⤊ 0⤋