Out of state car purchase

[nickcornilsen]

Originally Posted by 214Chevy

Not sure of every state's rule, but I'm sure it's pretty consistent across the board since it's an IRS rule. Don't deposit anything larger than $10k...well, $9,999. Otherwise, the IRS will come looking into your affairs. They'll know because it's the bank responsibility to report the deposit. If they don't , they get penalized and fined and may be charged with money laundering. So, they will report it.

Civil asset forfiture is a different thing than the 10K IRS rules... Look it up.