If you take a cash out when refinancing and the money your cashing out is to reinvest in home improvements on your primary home (roof, paint, deck replacement) do you need to pay taxes on the cashout of $80,000 since it will all go back into the hous

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility