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Thread: capital gains

  1. #1
    Junior Registered
    Join Date
    Sep 2004
    Posts
    1

    capital gains

    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

  2. #2
    Administrator Chris's Avatar
    Join Date
    Feb 2003
    Location
    East Lansing, MI USA
    Posts
    7,048
    You should talk to an accountant to be sure, I think it may depend on what your prior use of the website was.
    Chris Beasley - My Guide to Building a Successful Website[size=1]
    Content Sites: ABCDFGHIJKLMNOP|Forums: ABCD EF|Ecommerce: Swords Knives

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