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OK... liquidating assets is a taxable event. You aren't avoiding the taxman by borrowing money.
by missedthecue 4y ago
OK... liquidating assets is a taxable event. You aren't avoiding the taxman by borrowing money.
- jjeaff 4y agoIf you can hold off on liquidating assets until death, your estate will pay no capital gains when it liquidates due to the step up rule.