S-corp distributions

If I have both distributions from and contributions to my s-corp, can I just report the difference on my 1099 DIV?

posted

S-corp distributions are generally non-dividend distributions. They are not taxable when they do not exceed the stock basis of the shareholder. Distributions are reported on form K-1 in box 16D.

You do not report distributions on form 1099-DIV as they are not dividends.

Please read this IRS document for more information.

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schedule 1 part 1 8z list 12,832 for qual state tuition prgm from 1099-1. Why was that added as other income? All distributions were qualified expenses.

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S-corp distributions