S Corp Distributions


V

Vijay Sharma

Distributions out of an S Corp's earnings are reported on
line 16 Code D of Schedule K-1 as such. Is the same amount
reported on line 16d of Schedule K and line 7 of Schedule
M-2?

Also, on these lines "property distributions" means cash
distributions as well?

Please explain the normal order of distributions absent any
election for the order, i.e., distributions out of AAA, PTI,
etc. Also, explain how these work and what each is?

Thanks in advance for your help.
 
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