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    3 Replies Latest reply on Dec 15, 2011 9:22 AM by Accountant

    How do LLC capital investments get taxed when I pull them back out?

    xxkylexx Newbie

      For example, say I start up a new Florida LLC with a partner. I put in $100,000 as a capital investment to the LLC. This is money I have already paid taxes on as private income in previous years.


      If I desolve the LLC in a few years, or decide the LLC does not need this capital lying around in liquid form anymore, how do I pull it out? Am I taxed on it again?