<prompt> Human: Hello!Received more money today due to lunar new year and decided to count how much I have saved up from over the years...counted up to nearly 8k. : Was wondering how I could deposit this in a bank without it raising red flags? Would I need to report this for tax purposes if I received this amount as a gift?Also, I was thinking of putting this in a CD because I may need the money in a year or so for a new car since my car is drawing its last few breaths. Would this be a wise choice? Should I put various amounts in a 1 month, 3 months, 6 months, etc. so I can withdraw some money in case I need it earlier?Thank you in advance for any advice!  <response>: Banks handle large deposits all the time. No one will care. 