I need your help to figure this out. Here is the scenario

S Corp, just one shareholder, made a net profit of 15k. Paid himself a salary during the year, took a lot of owner draw (over $100K), did not take distribution.

1. The Owner draw: Treated the owner draw as a loan to the shareholder. Shareholder will provde a promissory note to pay the loan. Good or bad idea? If bad idea, what is the best way to handle it?

2. Shareholder Distribution: Shareholder did not take distrution from the 15k profit. For the Shareholder's 1040, where do I enter the 15K (undistributed profit) in Proseries? The Part II of Schedule E are all hard coded fields. No data entry field. 

For Section A (1a) of K-1 worksheet, is this the field I enter the $15k or that is the field I enter $0.00 since Shareholder did not receive any distrubution. I noticed, when I enter the $15k in this field, that amount gets taxed, but he did not receive this distribution.

Does the profit of 15k gets taxed on the Shareholder's 1040 whether he/she received distribution or not?

 Thank you for your prompt response.