Quote:
Originally Posted by ND40oz
The bank will do the reporting with a CTR if you're not using using cash. The dealer will probably still give you the run around about the OFAC check especially if you're a foreign buyer.
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There is no requirement for the bank to report when someone uses a personal check to make a purchase. In fact, it is written into the regulations that personal checks are not considered cash and reportable.
https://www.irs.gov/businesses/small...nce-guide#type