domain name sales and taxes

[googlevoice]

Do we have to file domain name sales as additional income on our tax return?
Thanks.

gv

 

[jdk]

Yes, anything you bring in from income you need to list on your return. Whether it be from hosting, domain sales, programming, etc.

 

[Biggie]

IMO ...only if you make a profit!

 

[jdk]

I would still list your income even at a loss because you can write that off I believe if you have a business. I write a lot of as expenses with anything I do on the web that deals with my business.

 

[Jack Gordon]

the legal, responsible thing to do would be to report them. :cheesy: