If you had a shoebox with 250k in cash, How would you go about cleaning the money?

itsyoung!!

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When I went to Vegas this summer I spent quite a bit and I was told specifically by a dude when I was trying to buy chips to buy chips in increments of less than 10k. I wasn't going to do that anyway but I had a decent amount of cash on me to spend but he told me they have to fill out forms on you.
As someone who gambled a couple hundred thou in 2021 :mjcry: this is not true. After you spend about 10-15k at a table theyll ask for your SSN. Its not based on increments. Example if you do 10 1k hands thats 10k still legally. If you use a players card, then even if you move tables theyll ask for your SSN (the first time - per casino )

If a casino never asked for your SSN you not gambling as much as you think you is :lolbron:
 

Oatmeal

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Why would you need to clean it? If you got a lump sum like that couldn't you just use it over a period of years like carry on like normal and use cash for small/medium purchases like buy home appliances with cash, pay your insurance with cash or pay down credit cards with cash, if you get a used car and ever have to pay for repairs....

In cash:yeshrug:


Now if you trying to flip it then I don't know, maybe ask the breh don diego
 

Ezekiel 25:17

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Why would you need to clean it? If you got a lump sum like that couldn't you just use it over a period of years like carry on like normal and use cash for small/medium purchases like buy home appliances with cash, pay your insurance with cash or pay down credit cards with cash, if you get a used car and ever have to pay for repairs....

In cash:yeshrug:


Now if you trying to flip it then I don't know, maybe ask the breh don diego


This is what I'm thinking. Use the cash for bills. But how many bills can you pay with cash? Can you pay rent, car note, cable, utilities in cash?
 

Ezekiel 25:17

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Op what about buying cars from auctions or better yet, private sellers? For instance, you see a Mercedes for sale for $50k. Give the buyer $50k in cash, Then flip it


Then again that might not work either because irs might ask where you get the money to buy. Do the DMV report that?
 
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