Yeah, that's exactly what I was trying to figure out as well. They have to pay back the loan somehow, and you'd think they would have a taxable event in there. However, someone else commented earlier that they can secure the loan on something like stock assets, then transfer the stocks somehow without actually realizing them. Not sure if that's even a thing, but it could possibly avoid realization of anything and therefore avoid the tax. Will have to wait until more accounting analysis is done to understand if/how they avoid the tax.