Escrow & Title
In Kansas, an 'IRS Form 8300' report is required in real estate when:
AA buyer uses conventional financing
BCash payments exceeding $10,000 are received in a single transaction✓ Correct
CA 1031 exchange is completed
DThe sale price exceeds $1 million
Explanation
IRS Form 8300 must be filed by persons who receive more than $10,000 in cash in a single transaction or related transactions in the course of a trade or business, including real estate.
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