IRS Form 8300 after the purchase of a vehicle

[Anthonymcomstock]

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

[SweetieJean · Accepted solution]

IRS Form 8300 is Report of Cash Payments Over $10,000 Received in a Trade or Business.  It is used to help prevent money laundering.

You do not report it on your tax return.

[Anthonymcomstock]

Thank you!