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September 27, 2022
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Removing Additional Paid in Capital from S-Corp

  • September 27, 2022
  • 1 reply
  • 0 views

Hello, can additional paid in capital be returned to the shareholder at any time?

If so, would the draw just be coded to additional paid in capital, rather than shareholder distributions?

 

    Best answer by Anonymous_

    It is a distribution, regardless.

     

    @Rick19744 

    1 reply

    Employee
    September 27, 2022

    It is a distribution, regardless.

     

    @Rick19744 

    Rick19744
    Employee
    September 27, 2022

    Concur with @Anonymous_ 

    *A reminder that posts in a forum such as this do not constitute tax advice.Also keep in mind the date of replies, as tax law changes.