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Old 12-27-2007, 06:14 AM   · #37
fatter
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Originally Posted by DnPresident
If I remember right the tax guy told me you had to have the domain for one year and one day before you could get the full deduction but I could be mistaken.



he was probably reffering to selling a name and claiming long term capitol gain, the rate for that is lower than short term capitol gains. IE: you must own stock for 1 year before being able to sell as long term capitol gains
correct me If i am wrong but this is the way i understand it


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