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Post by dwarnold on Sept 24, 2022 18:57:17 GMT -5
Well hope to know if your trip happens Doc... will cross my fingers!
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Post by dwarnold on Sept 24, 2022 18:58:51 GMT -5
Enjoy the week Jay and hopefully no windy weather up your way!
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Post by jspnrvr on Sept 24, 2022 18:58:53 GMT -5
No, there's nothing illegal about purchases or deposits or withdrawals of that much cash, but it does serve as an automatic flag for drug dealers and so on moving large amounts of cash.
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Post by doctork on Sept 24, 2022 19:00:49 GMT -5
It's not illegal but the feds regard "excessive use of cash" as suspicious for criminal hiding of cash money, so you are presumed guilty and the Treasury seizes your assets and waits for you to prove you are innocent.
I do not keep that much cash either but given instability in our environment I wondered what amounts might arouse suspicion. The IRS also has relatively low limits for people hiding cash. It is much easier for all of them to "catch" an unwary amateur than detect and pursue experienced criminals, when all you wanted to do was to buy or sell a used car in a private sale.
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Post by jspnrvr on Sept 24, 2022 19:01:14 GMT -5
Thanks, dw. I'm sure we're going to have some fun later this week. That storm would have to move way west for us to be out of the range of something. It doesn't take a hurricane to mess things up.
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Post by doctork on Sept 24, 2022 19:01:46 GMT -5
Y'all have a great week!
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Post by doctork on Sept 24, 2022 19:04:22 GMT -5
PS. All I was considering was a roommate for an upcoming cruise, and her half would be several thousand $$$ and from a stranger I would prefer payment in cash, well before boarding time, by meeting face to face in a public location. I don't want to carry that amount around in cash for very long but I also don't want to get arrested for suspected drug dealing when leaving the cash deposit in the bank.
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Post by jspnrvr on Sept 24, 2022 19:08:31 GMT -5
Something wrong with the servers, my computer clock says 8:08. Oh well. See you next week!
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Dopey Member
