Depositing Cash While Traveling

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Veröffentlich am: 26.06.2023, 10:29 Uhr
I have heard a lot of APs talk about how to manage their cash when traveling: some put it in a safe in the vehicle, some fly with it strapped to their bodies, etc. When it comes to transporting your winnings, if they are sizable... would you consider depositing to a bank account via ATM? If not, why not? I certainly understand that if over 10k it gets reported to the government, but if you're claiming this money, that's not a problem. You have a right to win money. Is it mostly because people prefer to be creative in the income they declare for tax purposes? I would feel nervous strapping 70k to my body, and certainly wouldn't want to leave it in a suitcase or just drive around with it for very long. Anyway, thanks in advance for sharing any thoughts on this issue.
Veröffentlich am: 26.06.2023, 10:49 Uhr
CTRs are nothing to be concerned about if you declare your gambling winnings and pay your taxes. I would not deposit cash through an ATM. I would only use a bank teller so everything is counted and documented in front of you.
Veröffentlich am: 26.06.2023, 10:49 Uhr
Managing cash while traveling can be a concern, especially when it comes to transporting sizable winnings. Depositing to a bank account via ATM can be a convenient and secure option. Some people may prefer to be creative with their income declaration for tax purposes, while others may have concerns about carrying large amounts of cash. And if you're interested in exploring additional income sources, you can *****. It's a platform where you can monetize your content through audiobooks.

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