How to practically make a distribution in an S corp
I am trying to figure out that how will the actual draw for a distribution be made? Would it be mage through a W-2 paycheck as bonuses, or a separate check/bank withdrawal, or paid at the end of year etc... Also I want to know is the distribution subject to income tax and that to the to the business or personal level. Please can someone give me an answer relevant to an example of a profit made through a flipped property, that has a short term capital gain tax event and the s Corp owner wants to draw from that profit, and also would the profit be double taxed as capital gains and income tax?