Re: Accepting cash for car sale
This is only part of your question but any bank transaction over $10,000 is reported to the IRS.
I think you were right to be nervous about taking $87,500 in cash from someone you don't know at night. I think a wire transfer is the way to go, but I am no expert in high dollar financial transactions of this type.
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1924 Model T Coupe
1928 Model A Roadster
1930 Model A Town Sedan
1939 Deluxe Fordor
1945 pickup
1951 Custom convertible
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