I sold an old company truck for 11k cash and deposited it into the business account. Do i have to file an 8300 form? My company is not a car dealership

[Anonymous_]

No. Did you even receive the $11k in cash?

[pwise]

Yes, I received the cash and it was deposited into the company bank account

[Anonymous_]

If you received the payment (in cash) in the course of your business, you should file the form.

[pwise]

What exactly do you mean by "in the course of  your business"? I was just trying to get rid of the old truck.  And doesnt the bank report cash deposits over 10K? 

[Anonymous_]

Yes, the bank will definitely report it, but you also received the cash.

I am going strictly by the instructions:

Consumer durable. An item of tangible personal property of a type that, under ordinary usage, can reasonably be expected to remain useful for at least 1 year, and that has a sales price of more than $10,000.

Otherwise, it's clearly not a retail sale, but was received while you were in business, correct?

[pwise]

Yes, we are still in business.  the truck was sold in sept but wasnt transferred until nov and i wasnt able to deposit the money until dec.  what is the best way to file the 8300?  I had no idea this form was required or even existed until a day ago.  and thank you for your help!

[Anonymous_]

You can print and mail the form.

See https://www.irs.gov/businesses/small-businesses-self-employed/form-8300-and-reporting-cash-payments-...