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How to deduct Domain fees

   
8:41 pm on Feb 21, 2005 (gmt 0)

10+ Year Member



Hello,

I hope someone can help me with this. In August last year I bought a few domain names, and now I want to deduct the expense. However, I realize that I paid for the whole year to the domain registar.

How do you deduct the domain name expenses? Can I deduct the total amount or I can claim just a half of it since the purchase took place in the middle of the financial year?

Please anyone?
Nova

8:54 pm on Feb 21, 2005 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Deduct the full amount on your US taxes. It's a business expense, half year or not.
9:02 pm on Feb 21, 2005 (gmt 0)

WebmasterWorld Administrator incredibill is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month




FYI, I prepaid my primary domains for years in advance.

Why? Just ask a several of my customers that lost their ecommerce domain names when they forgot to renew and had them hijacked last year.

10:14 pm on Feb 21, 2005 (gmt 0)

10+ Year Member



Thank you!
Nova
 

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