I'm new (sort of) with refi/tax question
Hello ... haven't posted at That Home Site in a few years ... thanks in advance for your replies ...
My husband and I just refinanced our house and cashed out some equity to pay off credit card and auto loan debt. Yay, it is good to be free of that! My question is whether the equity we took out (about $50,000) will be taxable income for 2009.