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June 6, 2019
Question

I refinanced my home and used most of the money for remodeling. Do I need to report the amount I didn't use as income?

  • June 6, 2019
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1 reply

Employee
June 6, 2019

No, if you refinanced your home the money that you received as a result of the refinance is not considered income and would not be entered into your tax return.