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<p>[QUOTE="statequarterguy, post: 790616, member: 21782"]The only purchases that would be reportable to the IRS would be purchases made with $10,000 or more in cash. Then too, the dealer is supposed to report cash purchases of less than $10,000 if they are "suspicious" or are a part of multiple purchases of less than $10,000, structured to avoid the $10,000 rule. Of course, I've been retired for a few years, so that may have changed - I'd check with a professional.[/QUOTE]</p><p><br /></p>
[QUOTE="statequarterguy, post: 790616, member: 21782"]The only purchases that would be reportable to the IRS would be purchases made with $10,000 or more in cash. Then too, the dealer is supposed to report cash purchases of less than $10,000 if they are "suspicious" or are a part of multiple purchases of less than $10,000, structured to avoid the $10,000 rule. Of course, I've been retired for a few years, so that may have changed - I'd check with a professional.[/QUOTE]
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