<prompt> Human: Im a noob on income tax law so bear with me. Is this considered income and do I need to pay taxes on it? A quick google search tells me that banks file an SAR with the IRS for large cash deposits they deem suspicious. I paid for their Airbnb via the app and my debit card when they visited. Im not doing anything illegal. Thanks in advance!Edit 1: To summarize all the answers, I dont owe the IRS any taxes because this is technically a loan. The best way to do this would be to deposit all the cash at once. Thanks.  <response>: Just put it into your checking account.Theres no need to report anything and you dont owe taxes on this. 