cash out taxes

Cash out proceeds are not taxable.

There is a deteiled discussion on this here

http://www.mortgagefit.com/discuss/refinance-taxable.html

frankly, there need be no detailed discussions about this topic - it's quite simple, as john pointed out above.

George I think you shoudl read the detailed one, it says something differne than what was said above

Also you also contibute to that post


http://www.mortgagefit.com/discuss/refinance-taxable.html

no thanks...i only wished to respond to the original post as seen above. it's simple: cash taken in a refinance transaction is not taxable. period - end of story.

No issues. Its your call