4 ms·
HELOC definitely isn't a tax dodge because the first $250k-$500k of profit on the sale of your home is not taxable anyway. But there is something to be said ab
by jjeaff 5y ago
HELOC definitely isn't a tax dodge because the first $250k-$500k of profit on the sale of your home is not taxable anyway.
But there is something to be said about being able to defer taxes effectively forever. Only the ultra-wealthy are able to do this.
- tootie 5y agoThis doesn't defer taxes, it defers realizing profits. The loan payments have to be made with cash that came from some source which can likely be taxed. Anyone with assets can do this proportional to their assets. Admittedly most people don't have sufficient assets to make it worthwhile. Nor do they exercise the voting rights on stocks. But really any middle class investor with a nest egg could do it.