I took distributions from my S-Corp in the form of a loan repayment and normal distribution. Turbo tax filled in the correct boxes on lines 16d and 16e. In the 1120-S return schedule K lines 5a and 5b are blank. On my schedule K-1 the line 16 amounts are added and listed in line 5a as ordinary dividends of the K1 as well as on line 16. When filing my personal Turbotax return, I fill out the information from the k-1 and it includes the amount from the K-1 Line 5a as income to me. I think it's a glitch in the Business filing because I've already paid taxes on those distributions through my personal form 8995. How do I fix it and amend my personal return? Do I need to amend my S corp return too?
