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Are Virtual Goods Taxable? @ Legal Affairs

(PC: MMORPG) | Posted by Wildefire @ Thursday - January 05, 2006 - 21:28 - Top
| Game Info | Rate this game | Screenshots
The law magazine Legal Affairs is running an article about the possibility that the sale of virtual MMOG goods may be taxable. Apparently there is some legal precedent, and it may just be a matter of time before TurboTax asks you how many Krol Blades you sold on eBay in the past year.
IF YOU HAVEN'T MISSPENT HOURS battling an Arctic Ogre Lord near an Ice Dungeon or been equally profligate spending time reading the published works of the Internal Revenue Service, you probably haven't wondered whether the United States government will someday tax your virtual winnings from games played over the Internet. The real question is, Why hasn't it happened already?
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Source: Clickable Culture
  
 
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