So since I was 17 I've been saving $20-120 a month in a little box under my bed and now that I'm 27 I find that I have enough to buy a car out in cash (23k+ purchase).
My question is: Since I never taxed any of this because it wasn't real income (just gifts/allowance/misc savings I accrued month to month) will this somehow cause issues with taxes ?? I know a report is made when you make a purchase of 10k or more in cash. What should I do in this case?
Submitted April 05, 2019 at 09:33AM by Mller013 http://bit.ly/2K9a4Hu
