4 ms·
3x $3000 in cash is also under the limit.
by user_named 4y ago
3x $3000 in cash is also under the limit.
- neilv 4y agoIn the US, I think multiple transactions of $9K to avoid a $10K reporting threshold would be illegal: https://en.wikipedia.org/wiki/Structuring https://en.wikipedia.org/wiki/Structuring
- andylynch 4y agoYes it’s called ‘structuring’ or smirking and is variously restricted in many places since it’s an obvious on-ramp to money laundering and tax evasion.
- _ink_ 4y agoThe point is that the face value of the coins counts for the limit, not the value when you sell those coins.