Best way to get paid for selling RV?
A lot of cash doesn't seem like a good idea. Certified checks can be forged. Wire transfer?
Forum Discussion
2012Coleman wrote:
Walked out the door without getting questioned or arrested by the security guard - off duty police officer. Federal banking laws be dammed...
Nobody is waiting to arrest you for depositing large amounts of cash!
The bank submits an electronic 8300 to the IRS. The form also has a section for stated transaction type. If you mentioned to the teller you sold your RV, they check the personal property sale. The IRS computers cross check your name, ssan, and other identifying info to see if there's a pattern. If nothing else pops up, or there is no reason for them to be interested in this transaction, it just gets archived into the massive database the govt has on you.
