Also, transactions outside of the United States and its territories are exempt. Property is rented. Cash is exchanged for other cash. A contribution is made to a trust or escrow account. A loan is made or repaid.
Cash is converted to a negotiable instrument, such as a check or a bond.
Received in the course of trade or business. Many of you may be starting to relax since your business doesn't deal in large sums of cash, but don't relax just yet. Also, checks issued or drawn on the payer's own bank account, such as a personal check, are not defined as cash. A consumer durable, such as an automobile or boat. For example, you are a travel agent.