[chlankf]

Originally Posted by pokerplyr80

I was under the impression that transactions over 10k automatically get reported and knew that making several transactions just below this threshold to avoid reporting was illegal. It just struck me as a strange charge in this case. He easily could have just said the money was from the sale of baseball cards. I did not realize he was required to also report the withdrawal.

So if I buy a card over 10k by writing a check, wire transfer, or by pulling cash out to buy in person am I required to file a separate form or potentially face a similar charge?

The current $10K reporting is cash withdrawal, deposits as well as payments such as to your mortgage. Transactions are daily
You activity will still be reported. Who cares as long as not funding terrorists, drug dealing, etc. A good chunk of comes from the Patriot Act.