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Updated about 7 years ago,
capital contribution to my S corp
I listened to my real estate agent and opened up an S corp few years ago, since then I have purchase a few rental properties and was able finance a 2 of them and purchased the rest in cash. is financing/buying a new property from my own personal account under s corp considered a capital contribution? or it would have been better if I wrote a promissory note to myself (loan the money)?
and when I am ready to sell these properties, how do I take my own money out of the corporation with out paying taxes on it. I understand I will have to pay capital gain tax on the appreciation.