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So each time you do a cash-out refinance of your home, that should be taxed as income? You still own your house, you haven’t sold it, so why should you be taxed

So each time you do a cash-out refinance of your home, that should be taxed as income? You still own your house, you haven’t sold it, so why should you be taxed repeatedly on it?

jncfhnb 2y ago
Taxing the gain or loss on the new valuation of the home and adjusting the cost basis going forward doesn’t seem like an outrageous idea
exe34 2y ago
Not the whole value, just the gains.