Quote:
Originally Posted by davestlouis
I would also imagine that there would be some sort of federal notification about such a large cash transaction...it you walk into your bank with $100K in 100 dollar bills, surely the bank has to tell somebody about that.
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Yes, that's something I'm curious about too.
Now, here's another question:
Hypothetically, if I have a friend who's down on his luck and I want to sell him a piece of property at a discount for him to build a house on, am I under any obligation legally to sell that property to him at a "fair" market value or can I sell it at what ever price I choose?
What if that friend is a building contractor and I want to trade him the property for the equivalent value in construction services?
I'm just thinking out loud here.