<prompt> Human: My parents over the years have pulled small amounts of cash from the bank and stashed it in a safe, to the tune of 20,000. Theyve now decided that this was paranoid, and would like to put it back in the bank. Ive heard that deposits 10,000 get flagged to ensure that they get taxed, and that making several smaller deposits to get around this is illegal. Theyve already paid income tax on this money, so they want to avoid being doubly taxed. Is there a way to do this? Or are they screwed and should just spend the cash?  <response>: The 10K reporting requirement is not because of taxation; its due to an anti-money-laundering law.My understanding is the bank will fill out a Currency Transaction Report CTR which will then go sit in a drawer somewhere or more likely I suppose, a database and thats about all thatll happen.Theres no report to the IRS, and people make fairly significant cash deposits with some regularity that are rightfully not taxed. 