In the event your loan gets delinquent, any taxable part of the excellent equilibrium and accrued interest will be handled as taxable profits with the IRS. When you’re under age 59½, you'll have to pay an extra early withdrawal penalty tax. See “Early Withdrawal Penalty Tax” during the booklet Underneath https://personal-loan99999.blog-kids.com/27917457/the-definitive-guide-to-loan-refinance