The $14,000 will be reported in Part II of Schedule E Supplemental Income and Loss. The income will flow to Schedule 1 Additional Income and Adjustments to Income line 5. From Schedule 1 the income flows to the Federal 1040 tax return line 8. This income is not subject to self-employment tax.
The $5,000 reported on your W-2 from the LLC S-corp was subject to Social Security and Medicare taxes in boxes 4 and 6 of the W-2.
It is possible for the IRS to recharacterize distributions as wages. See this tax case.
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