<prompt> Human: Throwaway account because I still dont know what the tax repercussions are of this situation.Long story short, my parents are first generation immigrants and for some reason, growing up, my mom never trusted banks, so she would just stash away cash as in dollar bills under her mattress or around the house over the years.30 years later, I find out that she has about 120k saved up in cash that she wants to give me to put towards buying a house.I am aware that in the United States, people can give cash gifts up to 14,000 per person per year the tax exclusion limit before they have to file a Form 706, but you dont actually need to pay taxes on the gift unless you exceed your lifetime amount of 5.45 million.So my question is:How can my parents give me the money again, emphasizing its all in cash, denominations unknown and have me deposit it into a bank without serious red flags or being suspected of money laundering? Do my parents need to provide some kind of proof of how they ended up with so much cash before they gift it to me? Like I said, its been 30 years, my parents have a single income my dad, and they have been in the low income bracket the entire time theyve been in the US. My dad is planning on retiring in the next couple years and my mom will also be filing for social security within the same time frame. I dont even know if they have any kind of paper trail for this money. I know typical banks have daily deposit limits of 10k. I know that if you get a money order of 3000 or greater, the vendor is legally obligated to file a suspicious activity report against you. And it seems to be really easy to be suspectedcharged of manufacturing spendingstructuring when you start making regular monthly? deposits of 10k into a bank.Any advice on how to get all this cash into a bank without raising red flags?Like I said, my parents are first generation immigrants, and they came to the US with zero money to their name. They managed to raise two kids, send them off to college, and managed to save up all this money to help us as adults. Its their hard earned money and I would hate to see them lose it or have me get in trouble for accepting it because of some banking legislation.  <response>: May I add a different perspective? Kudos to your parents for wanting to help you out. Before taking the money please ensure that your folks have enough saved up for their retirement. I know there are a lot of cultural differences out there and a lot of families will rightly so put their kids above anything else. If it was me Id want to make sure I wasnt depriving my parents of anything before taking such a generous gift. It may be everything is great outside of this bucket of money and this is a non issue 