No. You should probably enter $0.00. Dividend Distributions to Shareholders from accumulated earnings and profits are dividends paid to S-Corp Shareholders and reported on Form 1099-DIV. It is highly unlikely your S-Corp paid such dividends. If your S-Corp made a profit, those profits are your retained earnings. When you take a money out of your S-Corp (non-payroll) those payments are distributions and come out of your retained earnings. Essentially, you are taking the profits out which either have been or will be reported on your K-1 and taxed on your personal tax return. Those distributions are reported on Schedule K, line 16d of your Form 1120-S. They will also appear on 16D of your Form K-1.
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