Comments on: Will I receive a 1099 for a cash-out mortgage refinance? http://www.refinancing--home-mortgage-blog.com/personal-finance/will-i-receive-a-1099-for-a-cash-out-mortgage-refinance Information on Refinancing a home mortgage Mon, 21 May 2012 07:56:13 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Adoptive Father http://www.refinancing--home-mortgage-blog.com/personal-finance/will-i-receive-a-1099-for-a-cash-out-mortgage-refinance/comment-page-1#comment-198 Adoptive Father Fri, 24 Oct 2008 07:47:11 +0000 http://refinancing--home-mortgage-blog.com/personal-finance/will-i-receive-a-1099-for-a-cash-out-mortgage-refinance/#comment-198 No. Cash out is not income. Interest earned on a deposit account is income and will generate a 1099 to you and the IRS. Hope this helps. No. Cash out is not income. Interest earned on a deposit account is income and will generate a 1099 to you and the IRS.

Hope this helps.

]]> By: acermill http://www.refinancing--home-mortgage-blog.com/personal-finance/will-i-receive-a-1099-for-a-cash-out-mortgage-refinance/comment-page-1#comment-197 acermill Thu, 23 Oct 2008 08:31:03 +0000 http://refinancing--home-mortgage-blog.com/personal-finance/will-i-receive-a-1099-for-a-cash-out-mortgage-refinance/#comment-197 No, it is not income. It is a loan, which must be repaid. Hence no 1099. No, it is not income. It is a loan, which must be repaid. Hence no 1099.

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