Forum Discussion
CFerguson
Jan 25, 2019Explorer II
Don't sweat selling a large item and depositing the funds in your bank- especially if you do the transaction AT the bank and they see what is happening. Your bank fills out the WHY of the anomaly and the federales know if they want to look. Except for reporting requirement changes, this has been standard practice since at least the 80s when it first happened to me. ( I was buying some land and got a cert check and bank mgr came out to ask me if all was ok. I think she thought someone might have kidnapped my wife or something lol. she then told me why she was asking)
They'll chat you up, but they are really snooping in your business for purposes of reporting the reason for the transaction.
Don't try to game the banking system- unless you are an insider, you cant get around everyone knowing your business and they see one time purchases/sales all the time.
They'll chat you up, but they are really snooping in your business for purposes of reporting the reason for the transaction.
Don't try to game the banking system- unless you are an insider, you cant get around everyone knowing your business and they see one time purchases/sales all the time.
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