I successfully refinanced my investment property and pulled out cash to buy another one, is that massive cash out legally considered taxable income?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

A refinance with cash taken out is often treated differently from selling property, so the tax result can depend on how the loan proceeds were used, how the investment property is held, and whether the transaction stayed within borrowing rather than triggering a realization event. For an investment  For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.