Domain Tax Question

[flycom]

I am wondering how domain registrations, renewals and auction purchases are taxed for US federal taxation purposes.

Are domain registrations and auction purchases tax deductible expenses?

Does anyone know?

If not, can anyone point me to any authority on the matter.

Thanks for your help.

 

[Jeff]

Talk to your CPA™, Enrolled Agent©, or qualified professional tax advisor! :gl: :imho:

Best of Luck,
-Jeff

 

[nrmillions]

check out domaintaxguide.com

i am in no way affiliated with it but i bought it last year for myself and it contains some good info

 

[flycom]

* * * Friendly Bump* * *

 

[john_karr]

thank you i needed this