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Business & farm
Hi @Anonymous_
I still don't understand the concept. If I advance 100K into the business and make 50K in income, my firm is still in debt by 50K. If I'm returning 50K to myself, why do I need to pay income tax on it ? I'm still not at breakeven, my firm's books are still at a loss.
‎February 28, 2021
7:36 AM