How much cash can I deposit at once?

I have $25,000 cash from my parents. They never have bank accounts. They put cash in their safe at home. Now, I need to use this money for the downpayment to buy a home. How much cash can I deposit at one time without any suspicion from the bank or IRS? Any suggestions?

How much cash can I deposit at once?
$10,000 at a time. anything over that will require them to fill out a suspicious activity report. it's not terrible, but it's required. it's not like you'll go to jail or anything.
Reply:put in $5,000 you will not have a red flag at the bank
Reply:you should invest your money instead. Talk to a expert.
Reply:Put only a few thousand in at a time. I was told $10,000 will bring about questions from the bank.





Your parents can EACH give $10,000 ANNUALLY as a gift with no tax consequence BUT it must be TOLD to your tax preparer. So $20,000 this year will ok... hold your $5000 till next year or go shopping.

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