Big withdraws IRS question

[TheJettylife]

For you guys that take out huge withdrawls over 20K do you deposit the money right into your account? Does this worry you for audtiting purposes? Has anyone ever been audited after big sports betting withdrawls? Is there a way to take cash and never let it hit the bank?


Thanks for any input or help in advance

[Omaga]

I would mix it up.....W U....Wire....P2P.......DEBIT......ect. It depends on your bank. Don't be surprised if they don't tell you the amount...once you hit that amount they will ask you to fill out a forum and claim it.

[detroitlionsfan]

if you gotta ask ...

[TheJettylife]

Ok thanks for the help and advice!