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vince6411
New Member

I refinanced my one and only home this year. I refinanced with the same bank and took cash out. My question "is the cash I took out get put into my taxs anywhere"?

If so where do I put the info into the refund?
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I refinanced my one and only home this year. I refinanced with the same bank and took cash out. My question "is the cash I took out get put into my taxs anywhere"?

No, the cash you took out of a refinance is not shown anywhere on your taxes.  

Exception would be if you put it in a foreign bank account.

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1 Reply

I refinanced my one and only home this year. I refinanced with the same bank and took cash out. My question "is the cash I took out get put into my taxs anywhere"?

No, the cash you took out of a refinance is not shown anywhere on your taxes.  

Exception would be if you put it in a foreign bank account.

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