Yes I probably have to set up a meeting for this with a pro. Sorry to complicate things. To put some simple example numbers the beginning 2018 balance sheet just has cash at $8, Inventory at $6. Liabilities consist of A/P $2 and deferred rev. at $14. It's on accrual as products were ordered and manufactured in 2018 and will be delivered in 2019. And yes I elected accrual on my 2017 Sch. C and am sole shareholder.
Am a bit confused on your beginning basis/contributed capital point. Assuming no debt or liabilities, I should be able to withdraw the exact amount of my contributed capital without a taxable event, no? For the sake of the example my end of 2017 contributed capital is $1 of the $8 of the above example.
