☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 7:25:00 PM

If we refinance & take some cash, is that taxable income?

0 1 523
1 Best answer
Level 15
Jun 4, 2019 7:25:02 PM

No.  The cash received from a cash-out refinance is not taxable nor reported on a tax return.

1 Replies
Level 15
Jun 4, 2019 7:25:02 PM

No.  The cash received from a cash-out refinance is not taxable nor reported on a tax return.