I refinanced my home in ca. and received a cash out amount do I pay taxes on this amount?

ernj5311 · ‎June 3, 2019

if I do require to pay taxes ,on cash amount is it both fed.& state?

Marketstar · ‎June 3, 2019

No, “cash out” loan proceeds from a refinance is not taxable income, and therefore not reportable on your tax return.

Get your taxes done using TurboTax