Will I pay taxes on a cash refi received funds?

Will I pay taxes on a cash refi received funds?

Member since 2022 · 16 posts · 9 votes

Hello,

I'm close to closing a deal on a cash refi on a property that I own outright. If I end up getting those funds this year (2022) but i'm yet to find another property to invest those funds in (in the same year), will I have to pay and type of taxes for this? 

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