https://ttlc.intuit.com/community/taxes/discussion/in-2019-i-sold-one-of-my-two-blogs-through-flippa-i-m-really-confused-on-if-it-s-considered/01/968976#M349083 Mon, 23 Dec 2019 21:29:34 GMT scifigal2k 2019-12-23T21:29:34Z https://ttlc.intuit.com/community/taxes/discussion/in-2019-i-sold-one-of-my-two-blogs-through-flippa-i-m-really-confused-on-if-it-s-considered/01/968976#M349083 Mon, 23 Dec 2019 21:29:34 GMT https://ttlc.intuit.com/community/taxes/discussion/in-2019-i-sold-one-of-my-two-blogs-through-flippa-i-m-really-confused-on-if-it-s-considered/01/968976#M349083 scifigal2k 2019-12-23T21:29:34Z https://ttlc.intuit.com/community/taxes/discussion/re-in-2019-i-sold-one-of-my-two-blogs-through-flippa-i-m-really-confused-on-if-it-s-considered/01/969184#M349147 <P>If you created the blog, it would be ordinary/miscellaneous income, subject to Social Security (Self-Employment) taxes - reported on Schedule C as Self-Employment. Any 2019 costs paid for creating (eg, paying someone to do graphics, or software purchased only for that blog) can be deducted from gross income as 'ordinary and necessary' expenses.&nbsp;</P> Tue, 24 Dec 2019 16:19:54 GMT https://ttlc.intuit.com/community/taxes/discussion/re-in-2019-i-sold-one-of-my-two-blogs-through-flippa-i-m-really-confused-on-if-it-s-considered/01/969184#M349147 Rainman12 2019-12-24T16:19:54Z https://ttlc.intuit.com/community/taxes/discussion/re-in-2019-i-sold-one-of-my-two-blogs-through-flippa-i-m-really-confused-on-if-it-s-considered/01/1243221#M451101 <P><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/86274">@Rainman12</a>&nbsp;What if I purchase a blog (domain+content), that is making monthly revenue, would that be considered an intangible property and would need to amortize over 15 years? This website blog is not part of a bigger business, it is a standalone money making site.</P> Thu, 27 Feb 2020 17:03:34 GMT https://ttlc.intuit.com/community/taxes/discussion/re-in-2019-i-sold-one-of-my-two-blogs-through-flippa-i-m-really-confused-on-if-it-s-considered/01/1243221#M451101 awas 2020-02-27T17:03:34Z https://ttlc.intuit.com/community/taxes/discussion/re-in-2019-i-sold-one-of-my-two-blogs-through-flippa-i-m-really-confused-on-if-it-s-considered/01/1244751#M451550 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">The sale of intellectual property is now consider ordinary income.&nbsp; It is no longer treated as a capital asset.</SPAN></SPAN></P> Thu, 27 Feb 2020 21:01:56 GMT https://ttlc.intuit.com/community/taxes/discussion/re-in-2019-i-sold-one-of-my-two-blogs-through-flippa-i-m-really-confused-on-if-it-s-considered/01/1244751#M451550 LeonardS 2020-02-27T21:01:56Z