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A comment on CEO of porn cryptocurrency disappears with investor money. Parent comment

Re:CEO of porn cryptocurrency disappears with investor money by rargulati on Monday January 08, 2018 @10:31PM (#16103386)
For federal tax purposes, virtual currency is treated as property: https://www.irs.gov/pub/irs-drop/n-14-21.pdf
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Re:CEO of porn cryptocurrency disappears with investor money by mdorazio on Tuesday January 09, 2018 @01:44AM (#16104111)
You seem to be misinterpreting what the IRS means by "property". It is equivalent to "asset", not to "land". It can mean land, but can also mean a stock, bond, capital good, etc. that you own. See [1] for example usage.

[1] https://www.irs.gov/taxtopics/tc703

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