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system
how to calculate s corporation distribution from past k-1s?
user
disclaimer: i'm not a tax professional, or an expert on s-corps. however, i do have my own s-corp, and my decision process for taking a distribution has nothing (directly) to do with k-1 past or present, or profit and loss.  if i have "extra" cash in my s-corp, i take a distribution.  assuming i do my taxes correctly, the money will be taxed whether i take a distribution or leave it in the business. so it really comes down to how much cash the business requires to continue operating and meeting its expenses.
assistant