Monday Night Opinions @ 10:35 PM CDT - 3/27/2023

[ronscarpa]

REMEMBER, no one really  knows what will happen, or when.  They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ...  RON 

 

 

Militia Man  We are hearing things that are coming from Iraq that are about the exchange.  We know Al-Sudani did a talk about the currency being strong and we had Al-Sustani talking about the currency and what you could do/what you can't do.  That's really important because Al-Sustani is a very very, very important figure in the nation of Iraq and the Middle East.  The education has been ongoing and...they've had a little more communication with respect to the small category notes...

 

Frank26  Question: "At exchange do they [the bank] file anything...?"  They're not going file anything. You're on your own when you exchange your currency.  It is your responsibility to report your capital gains...to pay your taxes. The banks are not going to tell Uncle Sam anything about you... [Community Comment] The bank automatically will report to the IRS any deposits of $10,000 or more. FRANK: that's true, any transaction worth over $10,000 ends up in our governments lap. [Note: Always consult your tax professionals to determine the proper taxes for your unique circumstances.]