3 ms·
> If it's a cash offer, it's a seller's job to determine if you have the money, not if you paid taxes on it. Yes, but your bank and the bank of the seller both
by pyrale 3y ago
> If it's a cash offer, it's a seller's job to determine if you have the money, not if you paid taxes on it.
Yes, but your bank and the bank of the seller both have strict KYC/AML rules to respect. And the seller probably doesn't want to accept a pile of bills that requires laundering.
- ethbr0 3y agoI think we can agree that KYC/AML rules are... somewhat effective, in the face of determination to circumvent. Honestly, to op's point, the IRS audit would be the likeliest to nail you, post-purchase. "Person without demonstrated income suddenly buys expensive asset" is hard to hide and a huge, trackable signal.