I know right.....don't try signing your VA check over on a firearm deal. Some of these fellas will spaz out.As easily offended as people on this board are, it’s hilarious that this question is being asked here.
I know right.....don't try signing your VA check over on a firearm deal. Some of these fellas will spaz out.As easily offended as people on this board are, it’s hilarious that this question is being asked here.
Meet at his bank
Have title
Get cash
Give title
I think it's a legitiment concern, it's a lot of money, and the law is so soft on crime. Nobody wants to get taken, the OP just wants to make sure he's covered the bases. Maybe I'm reading you wrong?As easily offended as people on this board are, it’s hilarious that this question is being asked here.
I think the reporting is for cash dollars, not checks.If the bank is involved at $20K it will be reported to the IRS. Anything over $9,999.99 is reported.
If it’s an actual cash deal outside of the bank dollars make sure they are not counterfeit.
The $10k cash trigger for a ctr is for money laundering detection not IRS.If the bank is involved at $20K it will be reported to the IRS. Anything over $9,999.99 is reported.
If it’s an actual cash deal outside of the bank dollars make sure they are not counterfeit.
Well, there is no risk to the buyer if the seller and buyer got the buyers bank and buyer withdraws cash to give to seller. Seller, at this point has all the risk of being mugged or worse.This will turn away many legit buyers. Too much risk walking around (even for a few hours) with $20K in cash.
The worse being civil asset forfeiture. You've at least got a legal right to defend yourself against a mugger.Well, there is no risk to the buyer if the seller and buyer got the buyers bank and buyer withdraws cash to give to seller. Seller, at this point has all the risk of being mugged or worse.
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