If I buy a domain for $1000, then sell it for $10000. Thats a capital gain of $9000. Then I buy a domain for $5000. So, when I report to the IRS, do I show $9000 capital gain, minus $5000 expense, for a profit of $4000?? Is this how it works??
john211 said:If I buy a domain for $1000, then sell it for $10000. Thats a capital gain of $9000. Then I buy a domain for $5000. So, when I report to the IRS, do I show $9000 capital gain, minus $5000 expense, for a profit of $4000?? Is this how it works??