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by throwawayboise
1534 days ago
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IDK. The bank reports that the J. Random Chevrolet dealer deposited $75,000. The bank doesn't know where that came from. They don't know if it represents 75 $1,000 cars or one $75,000 car. I used to work at a restaurant that regularly deposited more than $10,000 cash per day. We never filed any IRS reports for that, maybe the bank did. |
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I bought a car a few years ago half cash, half financing. The dealer sent me a letter stating that they notified the IRS under their obligation to report cash transactions over $10K.