[MUD-Dev] Real money and virtual worlds

[Amanda Walker]

On 11/13/02 4:42 AM, Dave Trump <trump at trumps.net> wrote:

> I saw something today about the states agreeing on internet
> taxation.  How long until the IRS, Federal Govt, perhaps even
> Microsoft or some other nafarious organization comes and trys to
> get the cut they think they deserve from your ingame dealings?

This came up several months ago on the list during the blacksnow
discussion, as I recall.  This is one of the dangers of claiming
that in-game assets have real-world value.  For things like eBay
auctions, claiming "miscellaneous income" is probably sufficient,
but the general principle is that if you make real money on a
transaction, the IRS wants you to pay real income tax on it.  No
free lunch.


Amanda Walker


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