Multimember LLC- Schedule K (Form 1065) Net rental income and distribution of cash

1. If I distributed the net income to the LLC members (according to their share) do I need to report those distributions in Schedule K Partners’ Distributive Share Items (Form 1065)
2. For 2020 tax year, I will be distributing the net income in 2021. Should the distribution reported for tax year 2020 or 2021?

Thank you in advance for educating me.