If this is your personal car, you probably sold it for less than what you paid for it. This is a loss on personal use property which is not deductible.
In this case, you do not need to report the sale of your car on your tax return.
If this is a car used for business, please comment on this answer and I'll provide further guidance.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
