ANSWERS: 3
  • The banks usually only flag the one who deposits the money, not the one who receives it. Some banks have a policy to flag every transaction that exceeds their limit, at both ends. You can call your bank and ask them what their policy is.
  • They might flag it, or might not. Anyway, this gift falls under the US$11,000 gift allowance so it is not a taxable gift anyway so I don't think you have too much to worry about. Now if your aunt is REALLY rich and has given you serious cash/gifts, those may be taxed above $11k but your aunt will be responsible for paying or finding a way around these taxes.
  • Two different issues here. Any deposit made $10,000 or more (or that amount in agregate in one day) is flagged. The annual tax-free gift limit which is now $12,000 has to do with gift-tax not "red-flagging" and sunsequent filing of the CTR (Currency Transaction Report). Even smaller amounts can set off the alarm such as: Frequent transactions or purchase of negotiable instruments $10,000 or under in order to avoid filing a Currency Transaction Report (CTR). Customer making cash deposits $10,000 or under at multiple locations or cash deposits made to one account at the same location by multiple individuals. Customer depositing $10,000 or under after being told of CTR reporting requirement. Splitting large currency deposits among several accounts

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