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?

I always did it as income, but i'm probably wrong.

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...

Wouldn't an accountant be a better person to ask than GFY?

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.

there are plenty of accountants on here.

capital gains holding period

.

Did you know... Aboriginal people could pay less taxes in Canada.

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

Yes, but what Aboriginal man would do in Canada?

http://www.kaustralia.com/KA/files/a...origin_120.jpg

That's not correct, in Canada anyway. Capital gains are only taxed at 50% of gain.

We have all the experts we need right here.

As well as lawyers and military experts.