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That defers the gains, but does not eliminate them. When the loan comes due, they have to sell assets to pay it back.
by Manuel_D 10mo ago
That defers the gains, but does not eliminate them. When the loan comes due, they have to sell assets to pay it back.
- tossandthrow 10mo agoDid you skip over the last paragraph? If you can defer the repayment of the loan until after death, capital gains are eliminated.
- Manuel_D 10mo agoIn that case the value of asses are taxed via estate taxes. Which are higher than capital gains tax rates.