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domain name sales and taxes

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googlevoice

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

gv
 
Yes, anything you bring in from income you need to list on your return. Whether it be from hosting, domain sales, programming, etc.
 
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.
 
the legal, responsible thing to do would be to report them. :cheesy:
 
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