Skip to main content

Reply to "Looking for sale advice please."

@garth66 posted:

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.

Your bank is mandated to report ANY transaction over $10,000, whether deposit or withdrawal.

Last edited by joules
×
×
×
×