This is regarding a two-person LLC filing as an S-Corp. Our previous accountants did not have us take regular distributions. My understanding is we had income, expenses, and the remaining was distributions to us. We typically didn't even know this dollar amount until we did taxes. We are both business and domestic partners, no employees, just the two of us, and we don't take a paycheck. TurboTax is asking me as the first expense for the distribution amount paid to us, before it has asked me for all of our business expenses. This seems backwards, once the expenses are input, then we will know our distributions. Won't working my way through Turbo Tax help me to ascertain our distribution amount?
