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 7 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 7 months ago
Ted Rood
1257 6
Answered 9 months ago
Ted Rood
1257 6

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