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posted Jun 1, 2019 11:17:19 AM

When I refinance my house.and borrow.more than the value of the house to pay medical bills do I have to report the extra borrowed money as any kind of income?

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Level 15
Jun 1, 2019 11:17:20 AM

No it is not reported as income. 

1 Replies
Level 15
Jun 1, 2019 11:17:20 AM

No it is not reported as income.