Anybody care to share..

LivingOffGamblingMoney · Mar 9, 2006

What's the most you've withdrawn at a single time???

rdtradings · Mar 9, 2006

5,000.00 the most i've ever withdrawn

LivingOffGamblingMoney · Mar 9, 2006

What's the number where the bank HAS to report the funds to the irs?

Brock Landers · Mar 9, 2006

Taken out 12,500 last year at one shot to neteller from there they broke it up into segments when it came to m bank, was going to do a 20 dime withdrawal earlier this year, but lost a big game with the LA Clippers vs the Bulls...

Fishhead · Mar 9, 2006

LivingOffGamblingMoney said:
What's the number where the bank HAS to report the funds to the irs?

This is always a "NOBODY KNOWS FOR CERTAIN" issue.

Some say 2500, others 3000, and others 10,000...........per transaction and/or month.

Having said that and this is something that really concerns anybody for whatever reason, perhaps one should try(if possible), to limit their withdrawls to bank accounts to LESS than 2500 per month.

I believe it is safe to say that this would cover the vast majority of posters here and something they could adhere to.

LivingOffGamblingMoney · Mar 9, 2006

I took $7100 last night after I went unbeaten for the day on the Cuse and C.Florida. It's the most I have taken out ever. I usually just take out $3,000, and it's okay. I hope I get no problems.

Fishhead · Mar 9, 2006

LivingOffGamblingMoney said:
I took $7100 last night after I went unbeaten for the day on the Cuse and C.Florida. It's the most I have taken out ever. I usually just take out $3,000, and it's okay. I hope I get no problems.

CONGRATS!!!!!
:money8:

Insiders · Mar 9, 2006

Fishhead said:
This is always a "NOBODY KNOWS FOR CERTAIN" issue.

Some say 2500, others 3000, and others 10,000...........per transaction and/or month.

Having said that and this is something that really concerns anybody for whatever reason, perhaps one should try(if possible), to limit their withdrawls to bank accounts to LESS than 2500 per month.

I believe it is safe to say that this would cover the vast majority of posters here and something they could adhere to.

Fish i just got off the phone with my bank. This was a different matter than offshore gambling, but they tell me the line is NOW 3000. They also told me that i might go to 1500 shortly. That was a large bank in Oklahoma City as well.
obtw i just did 2950 to stay under that Red Flag

Kiss1 · Mar 9, 2006

LivingOffGamblingMoney said:
What's the most you've withdrawn at a single time???

Translation = Later in this thread I'm going to jerk off

LivingOffGamblingMoney · Mar 9, 2006

So when i get a check for $7100 from Pinnacle and cash it tomorrow, it will throw up a red flag?

LarryTalbot · Mar 9, 2006

Kiss1 said:
Translation = Later in this thread I'm going to jerk off

so true lmao. hit it dead on.

Brock Landers · Mar 9, 2006

LivingOffGamblingMoney said:
So when i get a check for $7100 from Pinnacle and cash it tomorrow, it will throw up a red flag?

Shouldn't do a thing.

Deposited a check for 96,000 from my parents a few years back and wasn;t even questioned about it at the bank, 2 mins in and out.

WorldNumberOne · Mar 9, 2006

Brock Landers said:
Shouldn't do a thing.

Deposited a check for 96,000 from my parents a few years back and wasn;t even questioned about it at the bank, 2 mins in and out.

are they looking to adopt by any chance ?

i'm a well behaved 43 year old who keeps his room real clean and doesnt mind mowing the lawn.

Brock Landers · Mar 9, 2006

World Number One said:
are they looking to adopt by any chance ?

i'm a well behaved 43 year old who keeps his room real clean and doesnt mind mowing the lawn.

well i had to pay it back LOL

Wasn't a "gift"

But bottom line, if i can deposit that check in the bank and not be bothered by a thing, then 7000 or whatever is nothing.

LivingOffGamblingMoney · Mar 9, 2006

Jesus Christ. That would be 96 grand right? LOL

Makes my $7000 look like shit.

Fishhead · Mar 9, 2006

Brock Landers said:
well i had to pay it back LOL

Wasn't a "gift"

But bottom line, if i can deposit that check in the bank and not be bothered by a thing, then 7000 or whatever is nothing.

Well of course they are not going to BOTHER you, they love money!!!

But that DEFINETLY has to be reported to some agency, the IRS probably being one of those agencys.

Brock Landers · Mar 9, 2006

Fishhead said:
Well of course they are not going to BOTHER you, they love money!!!

But that DEFINETLY has to be reported to some agency, the IRS probably being one of those agencys.

sure, maybe so. just saying, that was in august 2004, and never heard a peep about it since.

Fishhead · Mar 9, 2006

Brock Landers said:
sure, maybe so. just saying, that was in august 2004, and never heard a peep about it since.

No reason for them to.........thanks for sharing.

bigbet1234 · Mar 9, 2006

Again, if you have nothing to hide, and have your proper record keeping withdrawal whatever the hell you want.

I have 5 figure withdrawals and deposits in my checking account monthly. Never a problem

BB

Brock Landers · Mar 9, 2006

bigbet1234 said:
Again, if you have nothing to hide, and have your proper record keeping withdrawal whatever the hell you want.

I have 5 figure withdrawals and deposits in my checking account monthly. Never a problem

BB

Same here...Never a problem, never a 2nd thought either.