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How Much To Pay in Taxes for Selling a Website?
osoamor

5+ Year Member



 
Msg#: 3325673 posted 10:42 pm on Apr 29, 2007 (gmt 0)

Any idea how much one would owe uncle sam once you collect funds for a website sale? Is is a fixed percentage rate?

 

syber

10+ Year Member



 
Msg#: 3325673 posted 11:22 pm on Apr 29, 2007 (gmt 0)

If the sale qualifies for capital gains treatment, it is a fixed percentage depending on your tax bracket. The percentage would not exceed 15% of the gain. Howerver, if you fall into the alternative minimum tax trap - the effective percentage can be as high as 25%.

LifeinAsia

WebmasterWorld Administrator lifeinasia us a WebmasterWorld Top Contributor of All Time 5+ Year Member



 
Msg#: 3325673 posted 4:30 pm on Apr 30, 2007 (gmt 0)

How the sale will be taxed depends on the tax treatment of the site up to this point. Consult with your tax advisor for how he/she has been treating the related revenue/expenses up to this point.

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