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 about 1 year 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 about 1 year ago
Ted Rood
1411 1 7
Answered over 1 year ago
Ted Rood
1411 1 7

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