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Old 03-21-2011, 03:18 PM   #1
pood
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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?

Last edited by pood; 03-21-2011 at 03:31 PM..
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Old 03-21-2011, 03:23 PM   #2
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I always did it as income, but i'm probably wrong.
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Old 03-21-2011, 03:32 PM   #3
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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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Old 03-21-2011, 03:38 PM   #4
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Wouldn't an accountant be a better person to ask than GFY?
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Old 03-21-2011, 03:55 PM   #5
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Originally Posted by pood View Post
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?
I would bet that the IRS doesn't care as long as you report the real dollar amount.

It's not "real property" in some opinions which would make it more clearer.
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Old 03-21-2011, 03:58 PM   #6
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Wouldn't an accountant be a better person to ask than GFY?
there are plenty of accountants on here.
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Old 03-21-2011, 05:04 PM   #7
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capital gains holding period






.
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Old 03-21-2011, 08:27 PM   #8
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Did you know... Aboriginal people could pay less taxes in Canada.
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Old 03-21-2011, 09:20 PM   #9
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that's what it probably comes down to, if you kept for > 1 year, capital gains
if not?
who cares? tax rate will be the same
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Old 03-21-2011, 10:06 PM   #10
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Did you know... Aboriginal people could pay less taxes in Canada.
Yes, but what Aboriginal man would do in Canada?

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Old 03-22-2011, 05:56 AM   #11
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who cares? tax rate will be the same
That's not correct, in Canada anyway. Capital gains are only taxed at 50% of gain.
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Old 03-22-2011, 06:04 AM   #12
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Wouldn't an accountant be a better person to ask than GFY?
We have all the experts we need right here.
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Old 03-22-2011, 06:11 AM   #13
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there are plenty of accountants on here.
As well as lawyers and military experts.
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