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Business & farm
Hi @Anonymous_,
I'm a single member,100% equity, so all my monies that I pour into the firm doesn't change my equity stake. My equity stake (dollar amount) has risen because I've invested so much into it, but now I want to withdraw.
Here is a scenario
1. Year 1 - I invested $100K into the firm. Had no income
2. Year 2 (2020), I made no investments into the firm but had 50K income
I should be able to take my 50K out of the firm and not pay taxes on my monies. Right? That's my goals.
‎February 27, 2021
7:12 PM