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re: Future Tax/Investment Question
Posted on 4/1/14 at 11:20 pm to Poodlebrain
Posted on 4/1/14 at 11:20 pm to Poodlebrain
Poodlebrain, I appreciate your advice that you routinely give on this board, but I do make monthly payments on my loan as agreed between myself and the lender. At the end of 25 years, the rest of the loan that remains unpaid (if any), is forgiven per the terms of the agreement. The forgiven amount becomes taxable income, which I would also pay if this were to happen.
None of this falls under the definition of "theft." You may not agree that this option should exist(which you can debate on the Political board), but it does, and it is a contract term, along with many others, that are possible for me to execute. I am only trying to research the issue and believe your post is uncalled for.
None of this falls under the definition of "theft." You may not agree that this option should exist(which you can debate on the Political board), but it does, and it is a contract term, along with many others, that are possible for me to execute. I am only trying to research the issue and believe your post is uncalled for.
This post was edited on 4/2/14 at 12:22 am
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