I've owned this one domain name for 20 years and didn't use it for commercial purposes and sat there without any web content. This year a broker offered to buy it from me which I agreed to and realized a nice little profit. Do I report the gain as income or long-term capital gains? I was about to make a 2021 estimated tax payment to the IRS and my State but have read posts that it can be classified as a LT capital gain. If it's considered a capital gain do I wait to report it when I file my 2021 taxes?
