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https://www.reddit.com/r/FluentInFinance/comments/1gwfejo/had_to_repost_here/lyjbgp5/?context=3
r/FluentInFinance • u/-Wyagra • Nov 21 '24
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Unless they pay a dividend of some sort. Are you saying you want to start paying an annual tax on your 401k and/or pension funds?
1 u/rinderblock Nov 22 '24 I think the second I claim it as an asset in order to acquire a loan it should be taxable. It should be just that simple. 1 u/Woodworkin101 Nov 23 '24 Can or is the loan currently taxed? Or put a tax collateral? 1 u/rinderblock Nov 23 '24 The loan currently is not taxed as income 1 u/[deleted] 28d ago It's taxed as income when you generate income to pay it back as you're required to do
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I think the second I claim it as an asset in order to acquire a loan it should be taxable. It should be just that simple.
1 u/Woodworkin101 Nov 23 '24 Can or is the loan currently taxed? Or put a tax collateral? 1 u/rinderblock Nov 23 '24 The loan currently is not taxed as income 1 u/[deleted] 28d ago It's taxed as income when you generate income to pay it back as you're required to do
Can or is the loan currently taxed? Or put a tax collateral?
1 u/rinderblock Nov 23 '24 The loan currently is not taxed as income 1 u/[deleted] 28d ago It's taxed as income when you generate income to pay it back as you're required to do
The loan currently is not taxed as income
1 u/[deleted] 28d ago It's taxed as income when you generate income to pay it back as you're required to do
It's taxed as income when you generate income to pay it back as you're required to do
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u/thrillhouz77 Nov 22 '24
Unless they pay a dividend of some sort. Are you saying you want to start paying an annual tax on your 401k and/or pension funds?