To be clear on this matter, liquidating distributions from an S corporation are not reflected on the tax return as distributions.
Liquidating distributions from an S corporation are reported on form 1099-DIV in the appropriate box; currently either box 9 or 10 determined by the type of liquidating distribution.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
