The cost to renew a domain name is typically an expense to the owner each year. If you purchased the domain name for a fixed price in the first year, that would be your "basis" for the intangible asset. Most taxpayers don't capitalize domain renewal fees, so the basis remains the same.
Enter this transaction under the Sale of Business Property.
The easiest way to find any section of TurboTax Desktop is to open your return and use the Search box at the top right side of the TurboTax header. Click on the magnifying glass, type in the topic you need, hit Enter, and click the "jump to" link to go directly to beginning of that topic.
Or go to the left column in TurboTax Online and click on Tax Tools >> Tools >> Topic Search. Type in your topic, then click the topic in the list to go directly to the start of that section.
It's very unlikely that you will receive Form 1099 for this sale. The form is reserved for certain types of earned income and real estate transactions, among others.
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