Is home mortgage to buy another house considered income?
I obtained a home mortgage on my own home to buy another home that became a rental property.
Is the money I received considered income (and taxable)?
I obtained a home mortgage on my own home to buy another home that became a rental property.
Is the money I received considered income (and taxable)?
Not at all. You are borrowing the money and will have to pay it back.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.