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I would forget about all the forms and avoid the suspicion and questions. I would just make a series of small deposits until I had it all in the bank. Just start now. I would do 2K or so every couple weeks.
This is an odd situation and I would want to avoid anything that would drag mom and dad into possible trouble. Especially with the tax man.
I would forget about all the forms and avoid the suspicion and questions. I would just make a series of small deposits until I had it all in the bank. Just start now. I would do 2K or so every couple weeks.
This is an odd situation and I would want to avoid anything that would drag mom and dad into possible trouble. Especially with the tax man.
This would probably trigger an investigation before one larger transaction would.
Yes, but someone depositing 50 transactions of $2000 definitely would set off the alarm bells. Transactions are ALL computer based and the computers all have code written to catch these sorts of things.
psychofan, I'd like to suggest that your parents get in touch with a local professional to figure out/plan on how to incorporate their "stash" into their regular account(s).
Your end has few if any complications - theirs does. This board - IMHO - is not the place to look for advice on how to protect them/their interest.
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