is the money from a home equity loan considered income

Layer-visible-off
0
Unfavorites
0

is the money from a home equity loan considered income


0

Absolutely not considered income.

Answered about 1 year ago

0

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 12 months ago
Ted Rood
1375 6
Answered about 1 year ago
Ted Rood
1375 6

You Must Be Logged In To Answer