Quote:
Originally Posted by ilovem0nkey
CAZ question : At what amount is an id needed to cashout and why is it needed? I cashed out $3490 and I had to provide my players card/id.
I am not sure, but I hope one of the dealers in this thread will post the right answer. I have not been hit at ~$2500 and have been hit around $3500+.
BTW, there is nothing to worry about with this. They are required to track your cash outs. If you made several cashouts during a 24 hour period that totaled >=$10K they would be required to file the cash transaction report. Which is no big deal what so ever. Millions and millions of them get filed every day. It is no different than if you walked into you back and plopped down $11K in cash, they have to fill out the paper work. It does not go to the IRS or anything like that.
BTW II, do not manipulate your cashouts/deposits to avoid this reporting, that is called structuring and is a federal felony, bad news.