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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
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Administrator
You should talk to an accountant to be sure, I think it may depend on what your prior use of the website was.
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