Reply to "Looking for sale advice please."

garth66"When speed is the only thing that counts"

@panteradoug posted:
Considering the possibility of a home invasion thing, keeping large amounts of cash in "the house" is not a great idea.

And, a number of years ago a friend of mine sold a car and put the cash in a dresser drawer because he and his wife were going out that evening and he didn't have time to get to the bank before they closed. When he got home he found his house had been broken into, ransacked, and the cash was gone! It was an expensive lesson!

@panteradoug posted:
Lots of people/business deal in large amounts of cash much bigger than this. The bank will not be shocked at all.
They won't even ask you where it is from. Frankly, they don't care.

As for large cash transactions, your bank will report any cash deposits of $10,000 or more to the IRS so they can tax it as income, and they will want to know the source.

Stick with a cashier's check or wire transfer.

9/20/2410:41 AM

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