Cashing out...

Monger · 02-07-2010, 10:04 PM

What's the limit to stay under when cashing out from your book, for tax and bank asking questions, purposes? Thanks for any info. Will be doing a wire transfer, if that makes any difference.

$$$$inmywallett · 02-07-2010, 10:41 PM

usually 10,000. When I worked at a bank, you only needed to fill out a CTR (Cash Transaction Record) when in excess of 10,000.

sharpie · 02-08-2010, 11:08 PM

i just made two withdrawals from bm for 3000 each, 8 days apart. my bank place a 45 day hold on the 2nd check.

02-07-2010, 10:04 PM	#1
Monger King of the Grill Join Date: Mar 2007 Location: S.T.L. Posts: 461	Cashing out... What's the limit to stay under when cashing out from your book, for tax and bank asking questions, purposes? Thanks for any info. Will be doing a wire transfer, if that makes any difference.

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02-07-2010, 10:41 PM	#2
$$$$inmywallett Kendra Wilkinson Specialist Join Date: Dec 2006 Location: Arlington, Va Posts: 2,095	usually 10,000. When I worked at a bank, you only needed to fill out a CTR (Cash Transaction Record) when in excess of 10,000.

02-08-2010, 11:08 PM	#3
sharpie Cheerleading Captain Join Date: Nov 2007 Location: Ohio Posts: 980	i just made two withdrawals from bm for 3000 each, 8 days apart. my bank place a 45 day hold on the 2nd check.

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