Transferring money from personal brokerage account to a personal US bank account

[vexxine]

If i transfer more than $10k amount from brokerage to a personal bank, do i need to file IRS Form 8300? Do i also need to report to my bank about the transfer before i actually transfer from my brokerage?

[MinhT1 · Accepted solution]

Transferring money from a personal brokerage account (not a retirement account) to your bank account is not a taxable event. You do not report it on your tax return. There is no tax form to file and no report is needed to be made to your bank.

[vexxine]

Thank you for the clarification.