I have spent countless hours looking for the answer to what should be simple...I have an S-Corp with losses carried forward, Stock basis is zero, loan basis is zero..I need to report distributions (in excess of basis) and loan repayments (on reduced basis loans) I know that it is income BUT WHERE DO I REPORT IT????? I have searched business and personal versions of turbo tax, irs code 1367, publication 925...every resource seems to tell me to report these items as income but I am lost.

I am Totally Taxed Out