Quote:
Originally Posted by PornMD
For capital gains, it would have had to be owned for over a year before being sold, right? Or is there a short-term capital gains that works with website sales? Presumably if you buy websites with the intent of reselling them for profit and most of your sales occur inside a year, they'd be considered inventory and not investments, right?
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That part I am not sure of, and you would want to talk to an accountant.
Most of the things I claim as capital gains I have owned more than a year, so I had never thought about it.