The cash-out part of the cash-out refi

来源: 于 2010-11-21 07:31:09 [博客] [旧帖] [给我悄悄话] 本文已被阅读：次

The cash-out part of the cash-out refi does not factor into your cost basis. You should be able to deduct the closing cost of such re-fi over the term of the loan, and the interest paid for the year. But the cash-out is not included in any part of the tax filing. This is assumed that you either used the money to improve your house, or used it to buy other rentals.