Business & farm

I did find it in shareholder info. I didn't have any changes to shareholders and there was nothing to indicate there were more questions so at first I didn't think I needed to edit the shareholders. There have been several of us that have asked this question, so I hope Turbo Tax notices that it is not as user friendly as it could be. I found the answer on a different thread for anyone else struggling with this I am sharing here: 

To indicate that you have received a distribution:

  • Go to Business Info
  • Shareholder Information tab
  • Click Done Entering Shareholders from summary screen
  • "Yes" the corporation made distributions to shareholders
  • Put the total amount on the next screen
  • This will carry to your K1, Box 16D  items affecting shareholder basis