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Super tax efficient too. The loan is not taxed and the interest is often times deductible. You'll probably make money too, but if you don't you can still deduct
by rolltiide 7y ago
Super tax efficient too. The loan is not taxed and the interest is often times deductible. You'll probably make money too, but if you don't you can still deduct the expenses you bought, and if it was an investment you can get capital losses against when he really does cash in the shares at a gain.
NY Times might say you "lost $700M" though, to sell some newspapers. Almost no benefit in explaining unless you want the law to get changed - which would benefit nobody.
- jjeaff 7y agoI don't see how the interest would be deductible. Except for the portion allowed under the mortgage exemption. And sure, the loan is not taxed. But the money that ends up being used to pay back the loan will have had to be taxed.
- mmastrac 7y agoUnsure how the US works, but loans for investment purposes in Canada are deductible against the income that the investments make.
- rolltiide 7y agoInterest is deductible if the loan was used for something profitable. What the loan was spent on can also be deducted if its for something thats intended to be profitable.