Hello,
I purchased a domain name in November 1999 as an investment. I did not intend to set up the site, but I thought I might one day. Turns out that never happened. I sold the domain last year. As the domain was never set up with a website or business, how do I declare that income? Is it a long-term capital gain? Is it normal income? I've researched a LOT, and I see many responses on Google that say "long-term capital gain." I'm just not sure if that's correct or not. Help! 🙂
Thanks.
Steven
