I had people spit on me, throw things at me and want to physically fight me â people who had never met me or talked to me. In the age of social media, this is what I get:  @kato_kaelin why don't U just die, loser. Ur worthless.. Never has a man done so little to be recognized by so many.
Full or partial cash repayment of the debt by the corporation reduces the shareholder's loan basis. (Repayment with property other than cash is beyond the scope of this item.) If the debt basis has previously been reduced to zero, all the subsequent repayment is treated as taxable income to the shareholder.
Not Taxable Income. A loan from your 401(k) will not be treated as taxable income and is not to be reported on your income taxes. You made the original contributions to your 401(k) with pretax dollars, and the tax on those contributions is deferred until you begin taking withdrawals after age 59 1/2.f plan participants may take out loans, the written plan description states that borrowing is allowed. Although withdrawals from a 401(k) by participants younger than 59 1/2 usually result in a penalty, loans from 401(k) funds do not trigger a penalty.