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A comment on Treasury Calls for Crypto Transfers over $10k to Be Reported to IRS. Parent comment

Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by epivosism on Thursday May 20, 2021 @02:34PM (#27225217)
Do you also have to report cash transfers of 10k? Wasn't aware of that. I had thought it was just KYC for money banks deal with - not paying someone 11k cash for some construction work, for example.
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Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by throwawayboise on Thursday May 20, 2021 @02:37PM (#27225257)
As far as I know it is cash. If I write a check to ABC construction for $15,000, that is not reportable as it is already traceable.
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Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by ceph_ on Thursday May 20, 2021 @10:56PM (#27230005)
Apps like venmo and cashapp have a threshold of around $20k/year, where if you exceed it they are required to report your transactions to the IRS.
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