Quote:
Originally Posted by PornMD
For capital gains, it would have had to be owned for over a year before being sold, right? Or is there a short-term capital gains that works with website sales? Presumably if you buy websites with the intent of reselling them for profit and most of your sales occur inside a year, they'd be considered inventory and not investments, right?
|
I'm still not sure about it
it doesn't seem to make sense to me that if I buy a domain for $10 and build a site on it and sell it for $1000 6 months later that it would count as a capital gain....... that doesn't seem right to me. need some tax acct. advice
