Not sure what thread this belongs on, but its almost tax time and I was wondering how most domainers go about claiming any profits they made from selling domains on their federal income tax. For those who have done this in the past --- For example, If you made $1,000 by selling a few domains, but it cost you $300 to purchase them to begin with. Do you claim $1,000 or $700 on your taxes? For reference, I am from the US and have been doing my own taxes for over 12 years and I prefer to keep it that way. I just need some guidance this year as this will be the first time I will have to claim domain sales. I am hoping other domainers who have more experience on the matter can chime in on how they claim domain sales on their federal income tax. I realize talking to a lawyer would be optimal but was hoping for some input on people who have already done it in the years past. thank you!