Why do folks who find free money set themselves up to be victimized by crooks and the government?
...but I repeat myself...
They need to SHUT UP!
Exactly. There’s the whole short term capital gain thing here. Ouch.
Good point Larry. His first mistake was telling ANYONE about the cash he found. Now he will have to pay tax on it.
You can buy a lot of things with cash: groceries, big screen tvs, etc. What you do not want to do is go out and buy a new car and pay cash. Then they will think you are a drug dealer.
They need to SHUT UP!
I was wondering about that. It was tax free until he brought it up.