Does the IRS know if I BUY Bitcoin with cash

Every now and then (once a month typically) I have some reasonably large amounts of cash laying around and instead of depositing it in the bank and having the IRS try to tax me for income is it possible to buy in cash on like LibertyX and just pay the capital gains tax when I cash? (never. Hodl until house can be purchased with no mortgage) or will they rat me out to the irs and then I get audited on my side business cash income?

submitted by /u/Jkelchner4
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