If you classified the investment as a Shareholder Loan to the business, it would not be subject to the basis rules. You can then make payments on the loan to yourself from the business without incurring a tax liability unless you formatted the loan to incur interest. At that point, the interest paid by the business is a deductible expense and reportable on your Schedule K-1. When you enter your Schedule K-1 for your personal return will show the interest as taxable income. In either case, you will need a document (like a memo) on file that defines the amount, usage, and term of the loan as well as if it will accrue interest or not.
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