How to accept payment for Travel Trailer
I will be putting my Travel Trailer up for sale soon (just bought a Class A). I have never sold something like this privately before. I was trying to trade it in on the Class A but they really gave ...
Forum Discussion
tdiller wrote:It is not really that big of a deal for legit people.
Cash is great but now with the IRS reporting rules what happens when you attempt to deposit that $10,000 cash in your account? Yep you will draw lots of attention and have to 'splain yourself. Now days it'd be a wire transfer buyers bank to mine. May still have some splaining to do but it'll be a lot easier.
If you are a business cash deposits are not that bad but an individual walking in and depositing large amounts of cash raises eyebrows.
And yes I have filled out the paper work as I seem to have a cash transaction every year or so exceeding 10k.
Once I had to take 32k (cash) to deposit for my company when the people showed up with cash to pay a debt :R
