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dradixon
New Member

I refinanced my home to pay off some debt and received a $9,000 check for personal use. Do I need to claim this?

Refinanced home to pay off debt in amount of $15k and also received a $9k check for personal use.
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DS30
New Member

I refinanced my home to pay off some debt and received a $9,000 check for personal use. Do I need to claim this?

No, loan money is not considered taxable income and would not be reported on your income tax return.

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1 Reply
DS30
New Member

I refinanced my home to pay off some debt and received a $9,000 check for personal use. Do I need to claim this?

No, loan money is not considered taxable income and would not be reported on your income tax return.

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