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/biz/ - Business & Finance

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16997071 No.16997071 [Reply] [Original]

How do you deposit large amounts at a bank?
Do you just walk up to the nearest building with 10K in a bag and tell them to put it in your account?

>> No.16997097

>>16997071
No, anon. You should hand me the cash and i'll make sure it reaches your bank account. Wink wink.

>> No.16997103

>>16997071
Depends if it's clean money or not.

>> No.16997112

That's how you get the IRS gangbang van to show up at your house bizlet

>> No.16997134

>>16997071
If you live in a 3rd world shithole, yes.
Any bank in a somewhat developed country will have a machine for that, you'll just have to put your card in before.

>> No.16997136

>>16997071
Yea just keep a proper receipt or something proving how you made that money. How do you think restaurants do it? They deposit the cash and have all their transactions recorded in their system. End of taxyear they report it all

>> No.16997197

>>16997136
>End of taxyear they report it all
Maybe if the business owner is a massive cuck.
You have to be a true faggot to report 100% of your cash earnings.

>> No.16997260

>>16997197
legit businesses use point of sale systems they cant fuck with

>> No.16997317

>>16997134
>a machine for that, you'll just have to put your card in before
How does that work? It's hundreds of banknotes.

>> No.16997334

>>16997317
The machines in my bank allow up to 500 notes at once, you just put in the stack and then it takes a bit to count and verify it.

>> No.16997355

>>16997071
If I was a private contractor last year and and got paid in checks but signed no form what would I report to the irs? The checks where still cashed at the bank and such.

>> No.16997366
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16997366

>>16997136
>Yea just keep a proper receipt or something proving how you made that money.
>buy 100 link for a dollar
>sell for 1000
>supposed to have a receipt for this somehow

>> No.16997577

>>16997366
You have exchange history

>> No.16997702

>>16997577
>exchange goes under

>> No.16998578

>>16997702
Report the trades anyway. Theres sites that compile info and set it up in a neat PDF format.

>> No.16998608

>>16997071
Don't use a bank you fucking retard. Use a stablecoin that isn't centralized garbage like Tether

>> No.16998630

>>16997355
you should have gotten a 1099 or multiple 1099s if you have multiple clients writing you checks, I think?

>> No.16998635

>>16998608
based

i can understand using tether if you trade on CEX's just because it has the most trading pairs and liquidity, but it's pretty clear to me (as an ETH users) that decentralized stablecoins are all that matters in the future. There's nothing I even want to buy on exchanges anymore.... all my trading is done via derivatives, and all the pajeet shit getting shilled here never has a derivative token.

Can't wait till binance et al fold.

>> No.16998940

>>16998630
I worked for a company as a private contractor

>> No.16998961

>>16997071

>large amounts
>10k

Nobody gives a fuck honestly

>> No.16999015
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16999015

>>16997071
>letting the IRS know you aint broke

>> No.16999018

>>16997071
Banks start to get suspicious if you deposit anything above 10k unless it's in cash these days but a receipt should be put them at ease. Cops will storm your house if you deposit 100k+ as it happened to some /biz/ anon in the past.