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View Poll Results: Was nizzar a RMT Kingpin?
Yes 60 51.28%
No 57 48.72%
Voters: 117. You may not vote on this poll

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Old 06-08-2015, 05:23 PM
heartbrand heartbrand is offline
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Join Date: Dec 2011
Location: The Wire
Posts: 9,760
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The real question is if the sell of pixels should be classified as the sale of a capital asset and reported on your Schedule D, in which case the cost basis can be taken into account, or, is it considered business income reportable on your Schedule C, in which case you'll need to make estimated tax payments and pay self employment tax. I'll request a private letter ruling from the IRS on this matter.
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