I am part of a small corporation owned by multiple people. We each contributed an equal amount of money to the business to cover expenses. Would this money - owner's investment - be considered taxable income to the business (and reported on Line 1a of Form 1120)?
No.
The shareholders' investment in the C-corp is not taxable income,
It is reported on the Balance sheet - Schedule L on line 22 - Capital stock or line 23 - Additional paid-in capital.
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