Year-end time does bring some “look back” thoughts. Picture your potential client thinking “what did I intend to do this year?”. Most of us procrastinate and don’t meet our own goals. Engage them to let them make a big move at the end of the year. Catch them trying to knock off as many to-dos as possible, including acquiring a better domain name.
So it looks like if you place in service a domain name in December 2019, you receive some tax benefit in 2019, and full year of depreciation in 2020. If you bought a capital asset domain name in January 2020, you would receive only a partial deduction for 2020.
Read MoreDomain Traders Can reduce their taxable inventory by holding high levels of inventory at year end. The easiest names to sell at year end may be “liquid” short names, as some domain name buyers buy-up...
