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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
Confirmed User
Join Date: Feb 2004
Location: Seattle
Posts: 1,609
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How are domain sales treated on income tax?
I sold a domain (with a couple pages of content, but not really developed) last year for upper $x,xxx. Is that considered a capital gains or straight income?
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#2 |
RIP Dodger. BEST.CAT.EVER
Industry Role:
Join Date: Dec 2002
Location: NYC Area
Posts: 18,450
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I always did it as income, but i'm probably wrong.
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#3 |
Confirmed User
Join Date: Feb 2004
Location: Seattle
Posts: 1,609
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According to this post: http://www.domainrich.com/2008/02/do...es-tax-irs.php
If your main business isn't to buy and sell domains, you may treat it as a capital gain instead... |
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#4 |
So Fucking Banned
Industry Role:
Join Date: Apr 2001
Location: the beach, SoCal
Posts: 107,089
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Wouldn't an accountant be a better person to ask than GFY?
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#5 | |
Making PHP work
Industry Role:
Join Date: Nov 2002
Location: 🌎🌅🌈🌇
Posts: 20,619
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Quote:
It's not "real property" in some opinions which would make it more clearer. |
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#6 |
So Fucking Banned
Industry Role:
Join Date: Dec 2010
Posts: 1,176
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#7 |
It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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#8 |
ICQ:649699063
Industry Role:
Join Date: Mar 2003
Posts: 27,763
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Did you know... Aboriginal people could pay less taxes in Canada.
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Send me an email: [email protected] |
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#9 | |
<&(©¿©)&>
Industry Role:
Join Date: Jul 2002
Location: Chicago
Posts: 47,882
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Quote:
if not? who cares? tax rate will be the same
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Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager ![]() Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager |
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#10 | |
Confirmed User
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Join Date: Feb 2011
Location: La Isla Bonita Power Level: ❤❤❤❤❤❤❤❤❤❤
Posts: 886
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Quote:
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#11 |
Confirmed User
Industry Role:
Join Date: Jun 2001
Location: Skype: ravo.fpctraffic
Posts: 5,445
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That's not correct, in Canada anyway. Capital gains are only taxed at 50% of gain.
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#12 |
www.AdultCopywriters.com
Industry Role:
Join Date: May 2006
Posts: 31,618
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We have all the experts we need right here.
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#13 |
The Demon & 12clicks
Industry Role:
Join Date: Oct 2001
Location: SallyRand is a FAGGOT
Posts: 18,208
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