Overhaulin'

In PA, if you buy a car/anything else w/ cash, do you have to show proof of where the money came from?

If you try to buy something with cash that exceeds 10,000 dollars you have to show proof of income (in Pennsylvania). Is this true?

Public Comments

1. It's true, you don't have to prove it to whom you pay. But they must file an IRS report advising IRS that you did this. So, IRS may be asking questions later, and you'll need proof for them. Just for grins, you could tell your Yahoo audience as well. i'm all ears
2. Here's the Top 10 Money Mistakes In Buying A Car http://www.badcreditresources.com/articles/top-10-money-mistakes-in-buying-a-car Hope this will be helpful to you!