Wages and distributions are separate items. In most cases, they are not the same number.
Report the LLC activity as it occurred. Wages for the LLC are a component of Ordinary Income, not a separate line on Schedule K. Instead, actual wages paid are reported on the W-2.
Schedule K-1 will report distributions paid to you other than wages. Your total cash income from the LLC would be the sum of wages plus distributions, which are reported in different sections of your tax return.
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