Hi,
We are doing re-finance with one of the investment properties now and my question is: are there any tax implication with the re-finance?
for example, we bought the house @300k, now we re-finance it as @400k, do we need to file any tax for it?
My understanding is we do Not need to file tax as we did not sell it, but want to get confirmation from you...
Thanks,
Sue
We are doing re-finance with one of the investment properties now and my question is: are there any tax implication with the re-finance?
for example, we bought the house @300k, now we re-finance it as @400k, do we need to file any tax for it?
My understanding is we do Not need to file tax as we did not sell it, but want to get confirmation from you...
Thanks,
Sue
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MonicaPaslawski