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Domain Name Sale Capital Gains. Since then a big US crowd has come along and expressed an interest in buying the domain name. Under either option the purchase date is the date you originally purchased the property.
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When you sell an asset for more than it cost you to acquire it the difference is known as a capital gain. Essentially the IRS determined that the costs of acquiring domain names are to be capitalized under Sec. 263 as intangible assets and that those costs should be amortized under Sec.
263 as intangible assets and that those costs should be amortized under Sec.
When you sell your domain the gain will be determined by how you treat these assets. If you treated them as capital assets your gain will be a capital gain. When you sell a site the sale includes a domain the websites code brand reputation and goodwill databases customer lists and image assets. I was just wondering what everyone else categorises undeveloped domain sales for their taxes.
