So if I am understanding this right, the inheritance gets its cost basis reset.
If that's true, then I think we should be attacking the stepped up cost basis instead.
If that's true, then I think we should be attacking the stepped up cost basis instead.
However, I would say the issue with attacking the stepped up cost basis is that it occurs ~50 years into the future.
By taking out a loan the value of the stock has been realized for all intents and purposes except for tax. That should be considered the loophole imo (see article).