If you're selling a vehicle that you've owned and used as personal transportation then to me there is nothing to report that would result in a tax liability. With an electronic transfer there is no "reporting" of amounts received, and if you're not a dealer then it's not business income. If I sell my welder and all the accessories for $1000 that is not "income". If I built a really nice welding cart, had it painted and pinstriped by some know striper and sold the setup for $5000 it's still not income if I'm not a licensed business selling equipment. Maybe I'm wrong, but I don't think an individual ever mentions proceeds from the sale of any real or intangible property other than a house on their taxes, and there's no expectation that they would.