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June 1, 2019
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I refinanced my home to pay off some debt and received a $9,000 check for personal use. Do I need to claim this?

  • June 1, 2019
  • 1 reply
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Refinanced home to pay off debt in amount of $15k and also received a $9k check for personal use.
Best answer by DS30

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

1 reply

DS30Answer
Employee
June 1, 2019

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