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New Member
posted Dec 23, 2019 1:29:34 PM

In 2019 I sold one of my two blogs through Flippa. I'm really confused on if it's considered miscellaneous income or capital gains.

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3 Replies
Alumni
Dec 24, 2019 8:19:54 AM

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. 

Returning Member
Feb 27, 2020 9:03:34 AM

@Rainman12 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.

Expert Alumni
Feb 27, 2020 1:01:56 PM

The sale of intellectual property is now consider ordinary income.  It is no longer treated as a capital asset.