Distributions are money that you withdrew from the business over and above your salary (reported on your form W-2.
Distributions are reported on Schedule K-1 Form 1120S in box 16 code D.
Distributions are not taxable on your personal return because the income (profit) of the S-Corp has already been taxed and the distribution is less than your basis in the S-Corp.
On your personal return, you do not report the distributions (other than inputting your box 16 of the Schedule K-1).
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