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lemonyelow1
09-16-2004, 11:39 AM
US/IRS only (well, preferred!)

If a website is sold for a profit, is such profit reported as Capital Gains?

Please, no guesswork -- I'd be willing to pay for "professional" advice, particularly since I'll need legal support in connection with the sale.

Thanks.

-Peter

Chris
09-16-2004, 03:03 PM
You should talk to an accountant to be sure, I think it may depend on what your prior use of the website was.