@Rick19744
the $800 was a rough figure. Probably less. when I bought the domain name 15 years ago, I had to pay godaddy for each year I own it. If I only had it less for a year then it would be considered a flip I guess and would be taxed as a short term capital gain.
Ive had a website on that domain for 15 years and had passive membership income. Each tax year I write off, cost for running it, servers its hosted on, software etc etc etc. the last few years I have made less than what Im spending on it
I just wanted to make sure it wasnt taxed as some domain i just bought for a total of $800 to flip it for 30k. It had a website connected to it that I used as my biz for 15 years
So I just sold the domain name and moved the site to a different url.
I followed the instructions given here in my turbo tax and it seems to be fine. I think, lol
