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> Any balance remaining after 25 years is forgiven, effectively covered by taxpayers. The forgiven amount is then taxed as ordinary income. -WSJ It's going to
by cbanek 8y ago
> Any balance remaining after 25 years is forgiven, effectively covered by taxpayers. The forgiven amount is then taxed as ordinary income. -WSJ
It's going to be a pretty penny still to pay the federal taxes on a $2m+ loan (like, $400k, and that's not a loan, that's IRS money at that point).
- deleted 8y ago[deleted]