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Cash and taxes

Perry409Perry409 Posts: 9 ✭
in Q & A Forum

Wondering the maximum cash payout a dealer is allowed to pay without the customer paying federal taxes.Thanks

Comments

  • JBKJBK Posts: 15,256 ✭✭✭✭✭

    Oh boy, here we go.... :*

  • DisneyFanDisneyFan Posts: 1,997 ✭✭✭✭✭

    $0.00

  • JBKJBK Posts: 15,256 ✭✭✭✭✭

    I suspect the OP wants to know the maximum sale he can make to a dealer without getting a tax form.

    I am sure there are dealers who deal in cash transactions of any size. ;)

  • Baylor8670Baylor8670 Posts: 54 ✭✭✭

    OP's first post is about avoiding taxes hahaha

  • JWPJWP Posts: 20,875 ✭✭✭✭✭

    there are dealers that do not charge tax, IF YOU PAY IN CASH. THEN AGAIN, YOU HAVE TO ASK THE DEALER IF HE CHARGES TAX.

    USN & USAF retired 1971-1993
    Successful Transactions with more than 100 Members

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