tax

if this is in the wrong place sorry , please remove if it is
hi all , just a quick question , i have a few domains parked at sedo that are making a few $$ a month , does this sort of income have to be taxed !!!! , or is there some sort of amount of money you would have to reach before declaring it , cheers karl

 

I don't know what country you are in, but in most countries we pay tax on our income.

 

i am in england , and yes i pay tax on my income aswell , but is making a few quid a month taxable

 

Depends on how much you're making.In some coutnries, only incomes above certain amount like $600 a year from the business is taxable..but in anycase, you might as well fill it out and see what they say or contact an accountant/tax person...

 

If you are in the States then, yes, you should be declaring it as income. I use TaxCut software and it walks me right through it and leaves nothing out. I highly recommend it.

 

Here is the correct answer: YOU HAVE INCLUDE THIS AMOUNT IN YOUR GROSS INCOME AND PAY TAX ON IT