That is a good point. I could be wrong but I think the 10k reporting (at least with banks) was from the bank secrecy act[0] of 1970. Thus 10k adjusted for infla

That is a good point. I could be wrong but I think the 10k reporting (at least with banks) was from the bank secrecy act[0] of 1970. Thus 10k adjusted for inflation is approximately 65k in 2020 dollars. The limit should be increased to 50k IMO https://en.m.wikipedia.org/wiki/Bank_Secrecy_Act https://en.m.wikipedia.org/wiki/Bank_Secrecy_Act