is the money from a home equity loan considered income

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is the money from a home equity loan considered income


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Absolutely not considered income.

Answered 10 months ago

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Borrowed money (from whatever source including home equity lines) is not income. It would be tough to have to pay income tax on money you have to repay with interest!

updated 10 months ago
Ted Rood
1344 6
Answered 12 months ago
Ted Rood
1344 6

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