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moonpetty58
Level 4
February 14, 2023

Equity taken out of home via refinancing. Is this taxable

  • February 14, 2023
  • 3 replies
  • 10 views
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3 replies

IRonMaN
IRonMaN
Level 15
February 14, 2023

Nope

Slava Ukraini!
    sjrcpa
    sjrcpa
    Level 15
    February 14, 2023

    But the interest attributable to the cash taken out is probably not deductible.

    The more I know the more I don’t know.
      T
      TaxGuyBill
      Level 15
      February 15, 2023

      You must not have liked yesterday's answers.

      https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/t-p-refinanced-425-000-00-home-of-425-000-for-a-lower-interest/00/244899

       

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