I'm reporting self-employment income as a sole proprietor on Schedule C of the 1040. I have similar case / question . as i did investment in my Business $10 k , so if my business generates $ 30 k net profit / income ,can i pay myself back the $10k ? then wash out from the net profit income to be $20 k ??? .
and for my personal income the payment back of $10 k will not be reporting as taxable amount .
