Cash to be deposited in bank

This discussion addresses the tax implications for a non-taxpaying senior citizen who received cash from a property sale and did not deposit it. The core issue is whether tax is due when this cash is later used for purchases or gifted to a son. The advice suggests that undeclared income may need to be declared upon reinvestment or gifting, or tax could be paid at that point. Consulting a tax advisor is recommended for specific guidance.