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Updated over 6 years ago,
Cash-out refinance on apartment building tax question
I live in NJ & bought an apartment building 12 years ago for $1M and put down $250K. I now owe $450K on the loan.If I refinance the property now valued at $1.7M and we can pull out $750K in equity with the refi, what are the tax implications? Is there a strategy that anyone can reccomend