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RE: Ripple's METEORIC Rise To #2 / Poloniex To Require Documentation / USA Tax Bill / Much More!
Now that the IRS is going to consider digital assets as real property, not just property, the tax implications could be greatly increased. Instead of being able to trade back and forth between cryptos, every time you trade you could be taxed on gains. Time to HODL Ripple rather than trading in and out.
Poor Americans! Sounds like a gulag... Do not trade for a fear of tax implications. That is sad.