- Joined
- Dec 9, 2011
- Messages
- 67
- Reaction score
- 8
Hey everyone.
I'm just now getting my feet wet with domaining, and I have a question.
Consider this scenario: you hand reg a domain for $8, then sell it later for $1,000.
In the USA, how does the IRS treat the $992? Is it a capital gain, or is it a profit?
Also, just curious... how does the Canadian government treat it? The UK? Australia?
Thanks.
-Tim
I'm just now getting my feet wet with domaining, and I have a question.
Consider this scenario: you hand reg a domain for $8, then sell it later for $1,000.
In the USA, how does the IRS treat the $992? Is it a capital gain, or is it a profit?
Also, just curious... how does the Canadian government treat it? The UK? Australia?
Thanks.
-Tim