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As a pleb my guess would be to just get new loans, bigger and bigger, that pay off the previous loan debt plus what you need next. Once you die the estate sett
by notch898a 4y ago
As a pleb my guess would be to just get new loans, bigger and bigger, that pay off the previous loan debt plus what you need next.
Once you die the estate settles the loans via the creditors just grabbing the collateral. I think it would never get taxed then no?
- dataflow 4y agoSo, what I'm trying to get someone here to confirm (with no success so far) is that none of this would be a issue to speak of without inheritance cost basis step-up? Am I correct to understand that that's the real issue, and wash sale rules etc. are just distractions?