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mhsprecher · 10-15-2021, 09:20 PM

This is only part of your question but any bank transaction over $10,000 is reported to the IRS.

I think you were right to be nervous about taking $87,500 in cash from someone you don't know at night. I think a wire transfer is the way to go, but I am no expert in high dollar financial transactions of this type.

10-15-2021, 09:20 PM	#2
mhsprecher Senior Member Join Date: Aug 2012 Location: Takoma Park, MD Posts: 2,817	Re: Accepting cash for car sale This is only part of your question but any bank transaction over $10,000 is reported to the IRS. I think you were right to be nervous about taking $87,500 in cash from someone you don't know at night. I think a wire transfer is the way to go, but I am no expert in high dollar financial transactions of this type. __________________ 1924 Model T Coupe 1928 Model A Roadster 1930 Model A Town Sedan 1939 Deluxe Fordor 1945 pickup 1951 Custom convertible