<prompt> Human: Used to be a family members cash long story short I inherited an item of hers and as it turns out it was because she kept cash in it. Would I have to pay taxes? How do I justify having it? I want to use it for future mortgage downpaymentloan payoffemergency fund... Any clue how to proceed with this? A bit stressful having it sitting around.Edit: I have no legit paperwork indicating a monetary value so just items.Assistant: If thats all you inherited then, No you wont have to pay taxes. If you inherited 2 million as well from her, or If her total estate was worth more than 5 million however, then yes this may have tax consequences.Go to a bank and deposit it. Here is what will happen:They will accept the cash and deposit it into your account. The teller will probably give some casual chit chat and will be curious where you got it from. You dont really have to say anything, but you can just say it was inherited.They will report the deposit to Homeland Security without telling you. In fact, they are not allowed, by law, to tell you they are reporting it.Most likely you will never be contacted by HS. But, on the small chance you are, then they will just ask you about how you obtained the money. Probably wont be a big deal.If you have told us the whole story, I dont see any problem.Human: so Im 22, they wont buy the Ive saved up story?Assistant: should I bundle it up all legit like in the movies or rubber bands? Human: It doesnt matter at all. There is no story. Why are you even considering lying at all? You can say none of your business if you want to the bank. But, seems unnecessary, just say its an inheritance. Ive deposited a lot more than that and the tellers didnt even blink an eye. Just deposit the money and tell homeland security the truth in the very small chance they contact you.The fact that you are trying to come up with stories at all makes me very suspicious your OP isnt even the truth...Assistant: I guess Im just scared since Im kinda young and people might think the worst...and Im a minority in California.  <response>: Youre white?:D 