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I purchased a car this year and paid cash. The dealership filed a form 8300. Do I need to do anything in regards to this?

 
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DS30
New Member

I purchased a car this year and paid cash. The dealership filed a form 8300. Do I need to do anything in regards to this?

No. Because you paid in cash and it was over $10,000, the dealer just needs to report this transaction to the IRS. You have no reporting requirement for this transaction.

 


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DS30
New Member

I purchased a car this year and paid cash. The dealership filed a form 8300. Do I need to do anything in regards to this?

No. Because you paid in cash and it was over $10,000, the dealer just needs to report this transaction to the IRS. You have no reporting requirement for this transaction.

 


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