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Updated about 5 years ago on . Most recent reply

Hermanie Pierre's profile image
Hermanie Pierre's profile image
Hermanie Pierre
  • Rental Property Investor
  • from Bryant, AR
  • Member since Jul 25, 2013
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Hermanie Pierre's profile image
Hermanie Pierre's profile image
Hermanie Pierre
  • Rental Property Investor
  • from Bryant, AR
  • Member since Jul 25, 2013
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Hermanie Pierre
  • Rental Property Investor
  • Bryant, AR
5
Votes |
26
Posts
Buying & Selling Real Estate

Taxes on cash out refinance

Hermanie Pierre
  • Rental Property Investor
  • Bryant, AR
Posted

Do you get tax when you cash out refinancing?

Thanks

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Jonathan Taylor Smith's profile image
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Jonathan Taylor Smith
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  • Rental Property Investor
  • from Durham / Raleigh (Triangle), NC
  • Member since Apr 15, 2015
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Jonathan Taylor Smith's profile image
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Jonathan Taylor Smith
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  • Rental Property Investor
  • from Durham / Raleigh (Triangle), NC
  • Member since Apr 15, 2015
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Jonathan Taylor Smith
Agent
Pro Member
  • Rental Property Investor
  • Durham / Raleigh (Triangle), NC
687
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727
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Jonathan Taylor Smith
Agent
Pro Member
  • Rental Property Investor
  • Durham / Raleigh (Triangle), NC
Replied

@Hermanie Pierre - NO, funds from a cash-out refi are actually a loan (not income or capital gain) - and so you are not taxed on borrowed funds.

  • Jonathan Taylor Smith
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