I am paying off my car completely to obtain the title and doing a private sell. When it comes to to filing my taxes will I pay captain gains on the total purchase price I am selling it for? I just wanted to anticipate what I need to set aside. Just for example: My car I owe 14,000.00 the buyers are giving me 17,000.00 what would I be taxed on during this process. This is all new to me any help is greatly appreciated!!

Thank you!