What cash sale documents do I need for a farm equipment sale in Bluff City, Idaho?
For a cash sale farm equipment transaction in Bluff City, you need: Count and verify cash amount before signing bill of sale; Issue a dated receipt acknowledging full payment; Determine if IRS Form 8300 filing is required (>$10,000 cash); Sign and deliver the title and bill of sale simultaneously with payment; Photograph the cash exchange or use a witness for high-value sales; Record the actual cash price on the bill of sale; Buyer pays 6% sales tax at county assessor's office; Get a signed receipt for the cash payment.