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#10
04-14-2007, 08:34 PM
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Re: How to declare income from selling a website
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[ QUOTE ] how about other income? [/ QUOTE ] There are obvious tax advantages if he can handle the sale as a capital gain, rather than ordinary income. [/ QUOTE ] Oh I understand what he was asking now. The cap gain rate on 1+ year gains is only 15% and there are no self employment taxes on that either. It is the way to go (assuming it is the proper way). 
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