https://ttlc.intuit.com/community/taxes/discussion/cash-out-refi/01/2419541#M918295 <P>We refinanced our house in 2021 with cash out.&nbsp; We spent part of the money in 2021, and will spend the remainder in 2022. How do I address this on my taxes?</P> Mon, 09 Mar 2026 04:21:30 GMT nswalnick 2026-03-09T04:21:30Z https://ttlc.intuit.com/community/taxes/discussion/cash-out-refi/01/2419541#M918295 <P>We refinanced our house in 2021 with cash out.&nbsp; We spent part of the money in 2021, and will spend the remainder in 2022. How do I address this on my taxes?</P> Mon, 09 Mar 2026 04:21:30 GMT https://ttlc.intuit.com/community/taxes/discussion/cash-out-refi/01/2419541#M918295 nswalnick 2026-03-09T04:21:30Z https://ttlc.intuit.com/community/taxes/discussion/re-cash-out-refi/01/2419554#M918296 <P>Taking a home equity loan is not income so it is not reported on an income tax return.</P><P>&nbsp;</P><P>Now the mortgage interest will not be fully deductible if you don't use the cash to buy, build or improve the home.&nbsp;</P> Wed, 26 Jan 2022 21:12:35 GMT https://ttlc.intuit.com/community/taxes/discussion/re-cash-out-refi/01/2419554#M918296 Critter-3 2022-01-26T21:12:35Z