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They do not need to service debt using taxable income, they can roll it over indefinitely or until death, at which point the tax obligation disappears due to th
by merth 1y ago
They do not need to service debt using taxable income, they can roll it over indefinitely or until death, at which point the tax obligation disappears due to the stepped-up basis (capital gains reset on death)
- jazzyjackson 1y agoI don't know what you mean by "roll it over", take out more loans to pay the previous ones? Just not make payments?