Hi there NamePros forum.
As I start to make my journey into the wonderful realm of domaining -- there was a question that came up. Being my first real year as a domainer, I wondered about taxes and at what point that selling domains is considered a one man business instead of a one man hobby.
I haven't sold anything on GoDaddy or Afternic where they require a certain level of information -- but just some small sales (under 600$ on Flippa). However, I intend to do more and go further with domaining.
At what point would I have to file for something and not stay as a hobbyist? Where would that route take me -- and how would I go about this on the journey to become a professional domainer -- going the extra mile to become official?
I reside in the US, live in Hawaii with the military -- and home of residency is in Georgia.
Thank you,
-GR
As I start to make my journey into the wonderful realm of domaining -- there was a question that came up. Being my first real year as a domainer, I wondered about taxes and at what point that selling domains is considered a one man business instead of a one man hobby.
I haven't sold anything on GoDaddy or Afternic where they require a certain level of information -- but just some small sales (under 600$ on Flippa). However, I intend to do more and go further with domaining.
At what point would I have to file for something and not stay as a hobbyist? Where would that route take me -- and how would I go about this on the journey to become a professional domainer -- going the extra mile to become official?
I reside in the US, live in Hawaii with the military -- and home of residency is in Georgia.
Thank you,
-GR
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