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Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15601
Experience:  15years with H & R Block. Divisional leader, Instructor
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I just bought a affiliate marketing website,how do i pay t

Customer Question

I just bought a affiliate marketing website,how do i pay tax?
Submitted: 2 years ago.
Category: Tax
Expert:  Robin D. replied 2 years ago.
Hello and thanks for trusting me to help you today. I am a tax adviser with over 20 years of experience.
The purchase of the website is a purchase of an asset. You can use the cost as a capital expense.
Any income you receive from the website would be income to you like any other business income. You would file either as a sole proprietor or the business entity you have established.
If you tell me more about your business structure I can respond further.
Expert:  Robin D. replied 2 years ago.
You can post below if you need more information. It would help to know exactly what business structure you have in place or are looking at using as well.