topic Re: S-Corp Distribution in Get your taxes done using TurboTax

S-Corp Distribution

cdyong — Mon, 09 Mar 2026 09:33:42 GMT

As an owner of an s-corp., can I pay myself a distribution in 2022 from 2021 earnings reported on K1? I have paid myself a salary and a bonus, but never ever a distribution. If yes, I assume I can do a bank withdrawal? How do I report it for 2022 whereby it will not be treated as taxable because I have already paid personal income tax for it. Thank you.

Re: S-Corp Distribution

Anonymous_ — Sat, 23 Apr 2022 02:16:09 GMT

See the screenshot below for where to enter the distribution in the program.

Re: S-Corp Distribution

lisadoll — Tue, 21 Mar 2023 19:39:05 GMT

do we also put this amount in the section titled "Dividend Distributions to Shareholders?" Or only in the area you outlined already?

Re: S-Corp Distribution

Anonymous_ — Tue, 21 Mar 2023 20:40:10 GMT

Just here (unless you have an E&P account, which you almost certainly do not):