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Returning Member
posted Jan 24, 2020 4:08:53 PM

When TT Business asks if I took a distribution from my S Corp...

I am 100% owner of an S Corp.  Over the year I took distributions (along with wages).  At one point I also put in a large contribution.  When you combine the two, the contributions are a little bit larger so the number is positive.  When TT Business asks if I took a distribution from my S Corp, is it asking just for the distributions, or contributions and distributions added together?  What if the contributions are larger than the distributions?  What number is it looking for?

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2 Replies
Level 15
Jan 24, 2020 4:15:21 PM


@AmyEllen wrote:

What number is it looking for?


It is just looking for cash and property distributions to shareholders (the total amount) made during the tax year.

Returning Member
Jan 24, 2020 6:29:57 PM

The reason I asked is that the CPA we used last year combined them...