Don't forget to report to IRS when you exchange a domain name for BTC

Prashant Sharan

Well-Known Member
Country flag
A crypto transaction is not a tax-free transaction.

U.S. taxpayers who sell domain names for cryptocurrencies such as bitcoin and ether must report these as income on their income tax returns. For this year’s tax returns, the Internal Revenue Service is setting a trap for anyone who doesn’t report cryptocurrency profits.

Full article link
 
Similar threads
Thread starter Title Forum Replies Date
Prashant Sharan ATTENTION !!! : Yogi Solanki shares some DOs and DON'Ts about outbound sales Resources 0
Prashant Sharan Elliot Silver's 2 Cents: Don’t negotiate a great price Resources 0
Prashant Sharan Elliot Silver: Don't look at sales in a vacuum Resources 0
Prashant Sharan Morgan Linton: Don't buy expired domains that violates a Trademarks Resources 0
Prashant Sharan Elliot Silver: Consult "Domain Name Attorney" and don't “Ask a Lawyer” on a Domain Forum Resources 0
Prashant Sharan Elliot Silver on half a billion domain auction business that we don't know about Non-Indian Domains 0
Prashant Sharan Judges don't find harassment suit against Uniregistry upto the mark Legal Issues and Dispute 0
Prashant Sharan Konstantinos Zournas: I don’t share the domaining industry’s excitement about the Voice.com sale Non-Indian Domains 0
Prashant Sharan Don't give web developer access to your domain registrar account Resources 0
Prashant Sharan Google: Don’t Buy Domains for Past Rankings; Knows When They Change Hands Resources 0
JulienJ If I Had Just Started With Domain Names Today, I Don’t Think I Would Make It The Lounge 0
Swisslist What You Don't Know The Lounge 4
domainking131 You’ve Got an Offer, Now Don’t Blow the Deal! Resources 5
domainking131 9 things most people don’t understand about SEO Webmaster Forum 4
domainking131 If You Can’t Even Remember Your Own Website Don’t Expect Others To… Non-Indian Domains 0
domainking131 Most Companies Don’t Know What To Do With Domain Names! Non-Indian Domains 0
domainking131 End Users Don’t Own Money Trees Non-Indian Domains 0
domainking131 End Users Don’t Own Money Trees Non-Indian Domains 0
C I don't get email notification for new private message. The Lounge 6
DomainSherpa 16 New TLDs, Which Don't Suck; SEM & SEO Results for New TLDs; .Whatever or Dash?... The Lounge 0
DomainSherpa DomainSherpa Review - August 11, 2014: Detect.com, PoolToys.com, NM.uk, Don't Buy... The Lounge 0
Aubits Don't Undersell your Premium Keyword .in and .co.in Domains General Indian Domain Name Discussion 9
W InchAllah.org - IS SELLING RIGHT NOW DON'T MISS OUT! Non-Indian Domains 0
I Indian .COM domains for sale (Don't Miss) For Sale 1
T Nixi set to don the role of national internet registry... General Indian Domain Name Discussion 1
Ceres Google: I See Results You Don't See...? Webmaster Forum 0
ebiz4india 5 Domains Package Deal, One Word Premium Keywords. Don't MISS IT. For Sale 2
OzDomainer Don't Sell Your Names To Soon or To Cheap! General Indian Domain Name Discussion 15
Jeff Don't Buy Turnkey Websites Webmaster Forum 0
Ceres Don't Make the Same Mistake Twice Webmaster Forum 0
M sing, don't act! The Lounge 6
JulienJ Google creates set-it-and-forget it Adsense option Development Options 0
DomainSherpa Forget Microsites, What You Need To Focus On Today The Lounge 0
Prashant Sharan GGRG. com's latest Liquid Domains Market Report Resources 0
Prashant Sharan GoDaddy releases its first domain name sales report in years! Registrars 0
Prashant Sharan Donuts report largest .Travel sale ( in this pandemic !!! ) New GTLDs 0
Prashant Sharan DN Journal Report: NAS.com fetches six figures and other sales Resources 0
Prashant Sharan The DN Journal report for the YTD Resources 0
Prashant Sharan Verisign 2020 Q2 Report: Domain registration increase by 3.3 million Registrars 0
Prashant Sharan DN Journal Weekly Report : Sedo bags the top spot Resources 0
Prashant Sharan Q2 2020 Report : The list of most abused extensions and registrars in botnets Resources 0
Prashant Sharan Escrow.com Q2 2020 report : Coronavirus dents the growth Resources 0
Prashant Sharan Liquid domains report: $9M+ in Escrow.com sales Registrars 0
Prashant Sharan Let's look at the first comprehensive semi-annual forum report Registrars 0
Prashant Sharan Chinese government releases domain name report. Non-Indian Domains 0
Prashant Sharan Here is the June report for top Verisign trending keywords Resources 0
Prashant Sharan Edison Investment Research publishes report on CentralNic ; discusses domain parking business Resources 0
Prashant Sharan Verisign Quarterly Report: Global domain registrations grew by 15 Million last year Registrars 0
Prashant Sharan .com rankings report is out Non-Indian Domains 0
Prashant Sharan DNJournal Report: .coms dominate again this week but non .com gTLDs saw one of their top 5 Sales YTD Non-Indian Domains 0

Similar threads

whois



Forums dedicated to Indian domain names, including buying, selling, appraising, developing, and monetizing.

About Us

Threads
26,903
Messages
73,877
Members
7,639
Latest member
rohanarya2612
Top Bottom