Overhaulin' - I want to sell my old car (bought for $7000) for $1800. Would that classify as taxable income?

I want to sell my old car (bought for $7000) for $1800. Would that classify as taxable income?

Why?
No. A car sale would only be taxable to the extent that you sold it for more than you bought it for.
as long as you didn't depreciate it for business use, then the answer is no.
inthewind99 is correct. If this is your personal car, then you do NOT have taxable income. Please note that you also do not have a deductible loss. (Personal expenses are typically not deductible). If you had used this vehicle for business purposes, then you probably have taken depreciation to date. Take your cost ($7,000) less the depreciation you've taken to date (and any portion that might apply to 2006) to calculate its tax basis. The difference between that and your $1,800 received will be your taxable gain or loss for tax purposes, but only if you used it for business purposes. Also for business, are you buying another vehicle? If so, there are different rules that apply. In that case you might need to look up "like kind exchange".
Molly you are so smart! ;-)