Posted by Nathan (SD) on April 04, 2012 at 09:59:02 from (75.102.183.211):
In Reply to: Re: Cash sale posted by Mike (WA) on April 04, 2012 at 09:23:34:
Your reply was what I was thinking about. A deposit or cashed check of any kind is cosidered income to the IRS. It is up to you the taxpayer to prove why it is not taxable. And this would trigger the whole chain you described to: a.) try to prove their was no gain on the baler and b.) open a can of worms that could not be explainable about other transactions.
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