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Old 02-14-2008, 04:12 PM   · #48
Feniks
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Sedo 1099-misc

Hi,
I received from Sedo 1099-misc in which Sedo listed in box 9 'payer made sales $5000 or more of consumer goods etc..' . Domains are not consumer goods , right ? I went directly to irs office and they never heard about selling domains or what is and which forms to use to file income taxes . One irs agent told me..box 9 is schedule c... but this is for business and in irs booklet is qoute like ..dont use schedule c if you selling ocassionallllly/ or sporadic...
Second irs agent over phone have not idea also . Turbotax people , spoke to few 'tax pro ' and got different answers and forms , hrblock people, have no clue .
Can anyone who already filed taxes , tell us how they reported sales of domains and which form, schedule d or schedule c or else ?
It is shame for irs.gov where is listed many type of incomes to report such as//illegal sales of drugs, bribery, if you stole , etc but no word about domains . It is 21 st century and we have catch 22 here .
Also , big firm like Sedo should explain people where and how to report income from sales . I think is capital gains , as many of us, but it is important what irs examiner think . One examiner can say 'ok' second one 'wait a minute ..'
If someone filed in 2006 , please tell us how you did it .


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