This line has nothing to do with how much money the LLC made. This line must represent actual distributions paid out to each member.
Each member should also be maintaining a basis schedule of their investment in the LLC. This schedule must be updated annually as it provides the necessary information such as whether there is sufficient basis and at-risk to take any losses (if applicable) and also whether there is any gain due to distributions that exceed basis.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
