Don't worry about making a deposit of cash into your account - regardless of whether or not it's in a bank or to an account like Schwab. The IRS is not looking at transactions like that UNLESS you're a drug dealer or cartel.
I make very large transactions on a regular basis and have never ever been asked about any of them. Profit or no profit.
You should be able - however - to show receipts etc for the car and it's parts - and that you sold it if asked down the road (as in 5 years from now).
DO NOT TAKE A CASHIERS CHECK EVEN IF YOU TAKE IT TO THE BANK WITH THE BUYER!! I personally know a guy that did that -- and TWO WEEKS later the bank said the Cashiers Checks was fake and took the funds out of his account! TELLERS are not the fraud department!
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