Re: Do withdrawls or deposits to your bank account get flagged by the IRS?
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Millions of these reports are filed every year, mostly on legitimate transactions.
If the transaction is legitimate and you plan to file the appropriate tax forms regarding the transaction, why would you be concerned?
Assuming this is legitimate, what investment in the futures market are you thinking of making, where your expectation is that as a first time player in the futures market you are going to move your 60K from your bank bank account into the high risk futures market and move it back to your savings account in a couple of weeks?
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The transaction is legitimate. But who wants to get audited? I don't. I work for a proprietary futures trading company and have always traded for their account, but I'm going to start trading on my own. It may be only temporary.
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