The entry to record the distribution on your books would be to credit cash and debit owner or partner equity. As far as the tax return is considered, you pay tax on the company's earnings in the current year. If you withdrew more than your basis (retained earnings), then you would have an additional capital gain to be reported that you could include on the LLC K-1 schedule or simply reported it as an investment sale on your personal tax return. Since you don't have that, you don't need to reflect any capital gain income on the schedule K-1 or your personal tax return.
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