Hello,

In early December I sold my old car for $15,000 ($2,000 less than what I bought it for if that's relevant) and I purchased a different car that day for $13,000 cash from a dealership.  About two weeks later I received a IRS  form 8300  from them and a notice that it was reported to the IRS.  My question is how does this effect my taxes?  From what I've read, I don't have to report this on my annual taxes.

Thank you for your time,

Anthony