Is money from credit cards taxable?

meerkatsatwork · ‎June 6, 2019

I had many slow months at work this year. In order to pay expenses I withdrew cash from credit cards. Do I have to report this as a source of income?

MinhT · ‎June 6, 2019

Cash withdrawn from credit card accounts to pay for your personal expenses cannot be deducted on your tax return.

This is not a source of income either. You do not report these cash withdrawals on your tax return.

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MinhT · ‎June 6, 2019

Cash withdrawn from credit card accounts to pay for your personal expenses cannot be deducted on your tax return.

This is not a source of income either. You do not report these cash withdrawals on your tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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