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armythug89
Level 1

When I started my business I invested, I invested $10,000 of my money to get it started. Now that I am making money, how do I withdraw that money tax free?

 
1 Comment 1
JasroV
QuickBooks Team

When I started my business I invested, I invested $10,000 of my money to get it started. Now that I am making money, how do I withdraw that money tax free?

Hi there, @armythug89.

 

You'll want to select a Personal withdrawal as a category to track the withdrawal transaction in your QuickBooks Self-Employed. Here's how.

 

In your QBSE:

  1. Go to the Transactions menu.
  2. Select the withdrawal transaction and categorize it as Personal withdrawal2.PNG

I've also added this article for more details: Transfers: Owner's Withdrawal.

 

You can always get back to us if ever you have other questions. I'm always here ready to help.

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