Sold 75% of message board - tax implications?

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Sold 75% of message board - tax implications?

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11-16-2008, 11:00 PM

cygy2k

Join Date: May 2006

Location: Iowa

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Sold 75% of message board - tax implications?

I started a message board 3 years ago and sold 75% stake in it earlier this year. Since there are no physical assets changing hands (other than lease agreement for hosted server), what type of tax considerations should I be aware of when filing my personal income taxes next year?

Note - I'm in the United States.

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