What are the steps? -> Positive Net Income to reduce Paid in Capital thus having no taxable income?

Hi TurboTax Business Tax Experts, 

I can use your guidance.  I reduced my paid in capital by paying myself back with my net income. Now, how do I document this? What forms, line items? I tried the step-by-step approach but couldn't figure it out. 

Because I used my NI to reduce my paid-in-capital, that net income should NOT be taxable. 

Please advise or let me know if I'm missing a concept/step. TYVM!

Tom

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