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 almost 3 years 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 over 2 years ago
Ted Rood
1480 1 8
Answered almost 3 years ago
Ted Rood
1480 1 8
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