Yes, as a S-Corp filer, you are required to take a reasonable salary. Any profits above your salary is considered a distribution. The IRS considers any amount withdrawn and placed in a personal checking account after the salary is paid, as a distribution.
If you kept your money in a business checking account, the money is not counted as a distribution as it would remain in the business. However, the income still needs to be reported on your personal tax return via the K-1, regardless of whether you withdraw it or not.
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