Business & farm

I will page Champ @Rick19744, but you should initially understand the difference between a distribution and net business income (you are subject to income tax on the latter while the former reduces your basis of your shares of the corporation).

 

Further, for a consulting (essentially 100% service) business, your salary is rather low in your S corporation calculation and the figure you have listed as a "distribution" could very well be subject to recharacterization by the IRS as salary (in part of whole).