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Investors & landlords
Thank you. My question pertains to section L as well as 9a. If $43,361 of my capital investment was distributed back to me why do I have to pay capital gains tax on that specific amount that was distributed? I paid tax on that money before I invested into this venture. For example - if the venture had no income and $43,361 from the beginning capital was distributed, why would I have to pay capital gains tax on that amount? And more importantly tt is having me pay tax on section 9a, which includes $43,361 of my capital investment. It doesn’t make sense why I have to pay capital gains on capital I invested into the venture that was returned to me.
October 6, 2025
8:46 AM