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Thread: Buying A Boat
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post #8 of Old 04-06-2013 Thread Starter
Join Date: Mar 2013
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Re: Buying A Boat

Originally Posted by sailpower View Post
By law, if the cash deposits are linked to a single transaction they have to be reported no matter how you break them up. Consecutive daily cash deposits of 5k or 9k would certainly trigger a report.

I don't see what this seller is concerned about with a check for the proceeds.
I dont either but he is going to get a bank check for the boat. i would rather have it recorded by his signing the check.
I just had a thought, maybe he is getting ready to declare bankruptcy?
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