I sold a domain name I had since 1998 for $10,000 in 2023.
My CPA brother said it would fall under capital gains and that I would pay 1% tax. The previous answer to a very similar question said 10% tax on a long term asset would be due, as well as tax on the income.
I don't see where to enter that information (the sale OR the income) into Turbo Tax?
Also, should I expect a 1099 from the buyer for the purchase?
Thanks!
@DianaOst
