Skip to content
Tax, SDIRAs & Cost Segregation

User Stats

21
Posts
4
Votes
Jason NA
4
Votes |
21
Posts

Tax consequences of HELOC

Jason NA
Posted Aug 3 2008, 10:52

How if ever will taxes be assessed to money taken out of a home equity credit line.

One example,

I buy a house for $100,000

I take $20.000 out of my HELOC

At some point I sell the house for $200,000

Do I owe taxes on a 100k capital gain or an 80k capital gain?

Loading replies...