Is the cash taxable that I receive in a cash back ...
New Member

Is the cash taxable that I receive in a cash back refinance of a rental home I own?

I am refinancing a rental home I own and taking cash out.  Is that cash taxable?
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Level 15

Investors & landlords

The cash back you receive from a refinance is not taxable income.

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Level 15

Investors & landlords

No. It's not taxable.

However, if you did not use the cash out money to improve the rental property that secures the loan, you can not claim or deduct the interest on it.

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