Thread 33568794

If I buy a house in full without a mortgage plan, will I be questioned by the IRS?

>>33568794 (OP)
No.

>>33568794 (OP)
No, its called buying a house with cash. People do it all the time.

>>33568794 (OP)
Depends on many things

>>33568840
Like?
(I only make $61,400 a year before taxes)

>>33568794 (OP)
You'll be fine, so long as you can explain where the money came from.

>>33568863
I can’t, that’s why this thread exists.

>>33568935
There is no place in America where you can invest several hundred thousand dollars into property or assets and not have to explain where the money came from.

talk to chatgpt and a tax advisor, not fucking 4chan

>>33568935
Well, what are you going to get from us? Advice on money laundering?

>>33569197
*hoping to get from us

>>33568794 (OP)
Let me guess, you are a crypto bro? Go to Uruguay, Paraguay or other crypto friendly countries, you can realize your crypto gains there.

>>33568856
That's more than I make and I could easily buy a house in cash if I lived in the States.

>>33569373
In USA house are only $500k.

>>33569403
in europe 50k€
(made out of actual bricks, cement and steel, not wood)

>>33568794 (OP)
Option A: Get the cash and divide it into small payments, add them to your bank account each month. If anyone asks, you did odd jobs - mowing lawns, gutter cleaning, helping friends, nanny/household jobs, anything goes. Never place the same amount each month, vary it in cents, dollars. Consistency is key.
Option B: Get a mortgage and use the salary from your job to pay off the mortgage. Use cash for groceries only.

>>33569403
You just have 10 years worth of salary laying around that you haven't had to use to pay taxes or other expenses?

>>33569344
source?

Is it drug money OP?