Quote:
Originally Posted by ckelly78z
It sounds like the IRS rules that WDfifteen outlined would also report smaller transactions that seem related.
Safety deposit box transactions are only reported by the bank on a sign in/out sheet for being in the vault, not about the contents. The box next to yours could have miliions worth of diamonds, and no one would know.
You could always bury it in the yard, stuff it in the walls, or hide it in your mattress (not recommended).
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OR! You could tie it up in a sweaty gym sock and bury it in a manure pile. I swear I had a guy do that once. The bank tried to refuse the deposit. I felt so sorry for the lady who counted the money. Brinks refused to take the money so they had to do it in small amounts just to get rid of the stinky money.