Tax season - 1099 forms

[Theo]

When will Sedo mail off the 1099 forms?
It's Feb. 2nd already - I thought those are due by Jan. 31st

 

[Poker]

I think they have to be in the mail by 1-31...it looks like many places are waiting till the last minute.

 

[dmyre]

I received mine yesterday; 2/1/06...

 

[Theo]

That's good to know, David. Might if I ask whether the statement shows the monthly revenue separately from any proceeds from domain sales?

 

[dmyre]

I don't ususally sell names through Sedo, but the income is listed as "Other income"

I also wanted to add that it was mailed from Boston, so you should receive it soon Theo...

 

[Theo]

Thanks David. It's the last 1099 form I've been waiting on

The reason I'm asking about the separate income (parking revenue vs. sales) is because the latter is a different type of horse when reporting to the IRS, as it's taxed against the domain's acquisition cost (e.g. how much I spent buying it in the first place) and the tax bracket is lower (I think 15%).

 

[Theo]

Jay could I please get an answer to my question about when I will be receiving the statement from Sedo that shows the parking revenue for 2005 and proceeds from domain sales?

 

[Theo]

Still awaiting an answer.

 

[Theo]

1099 form received - many thanks to Sedo for going the extra mile