<prompt> Human: so I loaned a family member around 1200 and he is slowly repaying me. Ive read here that if you deposit 1000 they will report to the IRS. This money is money I already paid taxes on from work income so I was wondering if I deposit into my account I will have to pay taxes on it.Edit: Thanks for the replies. It seems like I missed a 0 I thought t was 1000, but it is 10,000 so I should have no problem. Thanks everyone for their replies.  <response>: Ive read here that if you deposit 1000 they will report to the IRSIm not sure where you read that, but its not true. 