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PattyJ
New Member

I received cash from my refinance, is this taxable income?

Where do I enter this info?
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2 Replies

I received cash from my refinance, is this taxable income?

No, that is not taxable income and it is not reported.
KrisD
Intuit Alumni

I received cash from my refinance, is this taxable income?

No, receiving funds by refinancing your personal home is not taxable.

Additionally, some closing cost can be deductible.

https://ttlc.intuit.com/replies/5922224


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