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What do you think Chevy is doing with that 75k besides putting it in a bank of some sort?
by meetups323 5y ago
What do you think Chevy is doing with that 75k besides putting it in a bank of some sort?
- throwawayboise 5y agoIDK. The bank reports that the J. Random Chevrolet dealer deposited $75,000. The bank doesn't know where that came from. They don't know if it represents 75 $1,000 cars or one $75,000 car. I used to work at a restaurant that regularly deposited more than $10,000 cash per day. We never filed any IRS reports for that, maybe the bank did.
- oogali 5y agoThe dealer does. I bought a car a few years ago half cash, half financing. The dealer sent me a letter stating that they notified the IRS under their obligation to report cash transactions over $10K.