tschapira
Returning Member

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.