Webwork - 3:07 pm on Sep 17, 2004 (gmt 0)

Fairly certain domain names don't play nicely with the IRS definition of capital gains. For example, you never really own domains. (If you did you could stop paying those darned renewal fees.)

When that lucky day arrives you'll have to check with your own accountant. Until I'm otherwise advised I'll have to stick with my accountant's opinion: it's ordinary income.

I suspect there's even an IRS opinion about domains if you search deep enough.