| ...indeed property and...
Notice it says "property" and not "real property". This was established through conversion. I believe it was argued that sex.com was an intangible property subject to the conversion. Additionally, I think this was settled out of court, so there may not have been an official ruling in this matter. John or someone, could you clarify this please?
Domains will become real property once the IRS has a classification for domains, and when that happens, you can bet your bottom buck that the government will try to tax it. Imagine having to pay a sales tax on all you domians you buy or sell? Better yet, how about yearly "property tax" on the governments appraisal of the domain?
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