I'm an ex IRS employee.

Transactions of $10,000 or less must be reported on IRS Form 8300.

However, withdrawing your own money from your bank is not a transaction.

It appears that TSA has arbitrarily decided that $10,000 is contraband without the niceties of a statute declaring that it is, or should be considered, contraband.

Good luck in getting an explanation from our big brother TSA. .




"If, in a 12-month period, you receive more than $10,000 in cash from one buyer as a result of a transaction in your trade or business, you must report it to the Internal Revenue Service (IRS) and the Financial Crimes Enforcement Network (FinCEN) on Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business.

You must file Form 8300 to report cash paid to you if it is:

1.

Over $10,000,
2.

Received as:
1.

One lump sum of over $10,000,
2.

Installment payments that cause the total cash received within 1 year of the initial payment to total more than $10,000, or
3.

Other previously unreportable payments that cause the total cash received within a 12-month period to total more than $10,000,
3.

Received in the course of your trade or business,
4.

Received from the same buyer (or agent), and
5.

Received in a single transaction or in related transactions (defined later).

What Is Cash?

Cash is:

1.

The coins and currency of the United States (and any other country), and
2.

A cashier's check, bank draft, traveler's check, or money order you receive, if it has a face amount of $10,000 or less and you receive it in:
2.
1.

A designated reporting transaction (defined later), or
2.

Any transaction in which you know the payer is trying to avoid the reporting of the transaction on Form 8300.

Cash may include a cashier's check even if it is called a “treasurer's check” or “bank check.”

Cash does not include a check drawn on an individual's personal account.

A cashier's check, bank draft, traveler's check, or money order with a face amount of more than $10,000 is not treated as cash. These items are not defined as cash and you do not have to file Form 8300 when you receive them because, if they were bought with currency, the bank or other financial institution that issued them must file a report on FinCEN Form 104."