No, do not report distributions if none were made. Any funds you personally deposited into the business account are recorded as contributions, this would also include any funds used to purchase the condo.
On Schedule M-2, your beginning balance (if any) is increased/decreased by (1) cash/property contributions and (2) the Net Income (rent received less expenses paid). In the absence of any cash/property distributions, the total of those two items would be your ending balance. It's unlikely you would have any other adjustments on Schedule M-2.
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