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myr09tle
New Member

We took extra money when we refinanced our mortgage. does that get reported as income? If so, where?

 
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Marketstar
Level 7

We took extra money when we refinanced our mortgage. does that get reported as income? If so, where?

If you are referring to loan proceeds from the refinance, it is not taxable or reportable as you are required to repay the loan.

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Marketstar
Level 7

We took extra money when we refinanced our mortgage. does that get reported as income? If so, where?

If you are referring to loan proceeds from the refinance, it is not taxable or reportable as you are required to repay the loan.

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