<prompt> Human: so I have roughly 10k cash that i have built over like 6 years from personal business ventures i have had as a teenager, pretty much just buying and selling electronics, expensive clothes, doing custom gaming stuff etcfrom what I see I have 2 or 3 options1. deposit to bank2. exchange for crypto and hodl the crypto, spend where possible3. exchange for crypto and withdraw to bank eventually1 would be the easiest option obviously, however I am wondering what the process is, Im 18 and i didnt really think about reporting taxes and stuff while i have been making this money. Of course I dont want the IRS coming after me and doing whatever they do, im happy to pay the taxes. What is the process of paying my share of taxes of this 10k though? Im moving to europe to do my university studies so all the funds will be moved to a local bank account there. I guess next tax season Ill just report the 10k and will be taxed on that? Sorry i dont have much knowledge on this. I have been researching how to deposit a large sum of cash but none of the sources i found talked about how to pay taxes on that cash after it is deposited.Of course if i kept the funds in crypto, i wouldnt be paying taxes, and would only have to do that once I exchange the crypto back for USD to my bank or whatever. right?Thank you guys!  <response>: You dont owe any taxes as a result of depositing the money. You might in theory owe some money from previous years, but if you got the money in small amounts over time for selling items, then its possible that you would not owe any taxes. 