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New Member
posted Apr 12, 2020 7:14:38 AM

When I refinanced, the lender required me to include some credit card debt in the new loan, in order to get the loan. Is that considered pulling cash out?

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1 Replies
Expert Alumni
Apr 13, 2020 8:37:58 AM

Yes, that is considered using funds for something other than purchasing or improving your main or second home. You will need to indicate that when entering your form 1098 into TurboTax.