I live 20 miles from the center of Pittsburgh, and work a few miles closer to my house than that. But, real estate closer to where I work (other than right on top of it) isn't really outrageous either. It was an accident of timing that I ended up living where I do.

Can I just say that it's money I won from gambling at a casino? Are they gonna try to tax all of it?

if youre worried about taxing, i believe one is allowed to 'gift' someone a certain sum tax free. the cap may vary by state.

yes, taxing is one concern, but the main concern is if they're going to be like, "how the hell do you have this much money and where did it come from?"

assuming its legit money, whats the problem with the questions?
this whole thread seems kinda shady, not that i disapprove.

If you had a very large amount of cash spare, you could build a new house and pay the builders in cash installments (like having them on the payroll). You'd get it cheaper too.

For the record, gambling has a $3000 limit before they tax you right there at the table/machine. Been there, done that. For the record, gambling losses are tax deductable, up to the value of your winnings. In other words, if you win 10k, and lose 5k, you can claim the 5k n losses and only be taxed on 5k at the end of the year. This is one of the reasons casino's give you incentives to sighn up for their players club cards. They get your SSN.

$10k is the number I keep hearing where transaction reporting is required. I know that when I paid for my last car the Credit Union officer wanted to know what the debit was for.

BTW, One of the local car dealers spent time in lockup for his part in selling a car for cash and hiding the sale in a series of under the limit cash payments. If I remember correctly the buyer was a suspected drug dealer.

I can't see the IRS getting excited about you spending tax paid money. Inheritences happen all the time. But dropping big bunches of money without much to show for it... It's hard to say if any attention is going to be noticable.

Can't you just say it's your life savings that you kept under your mattress your whole life? If you're old enough, there is no way they could possibly track that.

You'd have to make sure they were all old bills, a feat that would NOT be easy as the life span of a bill is 5-7 years.

Anyone know if you can still transfer cash to swiss bank accounts? That might work. Or you can always report it as illegal income on your tax form.. wonder what happens if you do that.

Anyone know if you can still transfer cash to swiss bank accounts? That might work.

No problem with the swiss, but the problem would be to get the money out of your home country.

Or you can always report it as illegal income on your tax form.. wonder what happens if you do that.

Well, there was a bit of debate about that over here in Holland. These days most prostitutes do declare their income and pay tax. But there was an issue about the "professional expenses" they were allowed to deduct...

what kinda drugs are you selling?lol.if you have any good friends you can have them buy and get the loans in there name then give them the the cash to make the payments.for car, or other toys.