Go Back   Airstream Forums > Airstream Community Forums > Dollars & Cents

Thread Tools Search this Thread Display Modes
Old 01-17-2010, 04:32 PM   #29
3 Rivet Member
mistermike's Avatar
1968 17' Caravel
Marblehead , Massachusetts
Join Date: Sep 2008
Posts: 137
Originally Posted by overlander63 View Post
It's kind of fuzzy this morning, but didn't the Feds enact some kind of law that made it a criminal offense to carry around huge amounts of cash? Something about drug money, and racketeering.
I am not aware of any such law. Cash is still king. However banks are required by law (or IRS regulation) to report all cash deposits made in a single day (and possibly withdrawals) in excess of $10,000.00. Also, although not relevant here, you must declare any cash in excess of $10 K coming into or leaving the USA to Customs .

I also agree with the bank-to-bank transfer is the safest and surest way to transfer funds. Once it's in your account it's yours.

I bought mine for cash but I knew the seller so I had no problem with it.

As far as tax liability is concerned - I am not an accountant but generally speaking if you sell something for more than you paid then the profit is taxable. BUT you may be able to deduct some if not all of your expenses.
If this is the case consult your accountant.

"Mister Mike", Chief Engineer, Amateur Radio Station W1RC
Founder and Benevolent Dictator, New England Amateur Radio Festival, (aka NEAR-Fest),
At the Beautiful Deerfield NH Fairgrounds (Next one October 11th and 12th 2013)
"Best #@! Hamfest on the Planet!"

mistermike is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Need help with an Airstream Purchase gldwinghaulr Buyer Guidelines 9 01-04-2009 05:52 AM
Need Help first airstream purchase jay3919 General Repair Forum 5 07-07-2008 08:29 PM
Trying to purchase an Airstream... richschafer Buyer Guidelines 6 04-14-2007 05:28 PM
Has anyone purchase an airstream on Ebay? kayelm Our Community 21 08-26-2004 12:55 AM

Virginia Campgrounds

Reviews provided by

Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities

Copyright 2002-2015 Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 09:27 AM.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.

Airstream is a registered trademark of Airstream Inc. All rights reserved. Airstream trademark used under license to Social Knowledge LLC.