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Sure it’s different. You might not have cash to pay those taxes. When you sold and bought, you had an opportunity to set aside the $$ to pay taxes
by nilsbunger 5y ago
Sure it’s different. You might not have cash to pay those taxes. When you sold and bought, you had an opportunity to set aside the $$ to pay taxes
- rhino369 5y agoIf you are borrowing money, you have the opportunity to set that money aside to pay taxes. It's really no different.
- nilsbunger 5y agoIt's not easy to get a loan against illiquid assets in many cases. And even if you get a loan, if the asset goes to zero you still owe the loan balance, which could be huge compared to your normal finances. And you pay interest on that loan. It could work in some cases but I don't see how it's the same as selling stock A and buying stock B.