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Updated about 1 year ago,

Ricardo Diaz's profile image
Ricardo Diaz's profile image
Ricardo Diaz
  • Rental Property Investor
  • from Bridgeport ct
  • Member since Mar 26, 2017
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User Stats

67
Posts
12
Votes
Ricardo Diaz's profile image
Ricardo Diaz's profile image
Ricardo Diaz
  • Rental Property Investor
  • from Bridgeport ct
  • Member since Mar 26, 2017
Connect
Ricardo Diaz
  • Rental Property Investor
  • Bridgeport ct
12
Votes |
67
Posts
General Real Estate Investing

Taxes from cash out refinance

Ricardo Diaz
  • Rental Property Investor
  • Bridgeport ct
Posted

I have a a tax question. I cashed out refi a property under my name into an llc for me and my partner. We took money out and left it into the account.  Now I took money out and my accounts tells me it will be taxed. I thought debt is not taxable.  

Bridgeport, Connecticut
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