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.
The student loan interest deduction will let you subtract your interest payments from your taxable income if you earned less than $80,000 last year. (Grads who earned between $65,000 and $80,000 can deduct a reduced amount of interest.) If your parent took out a loan for you, he or she will take the deduction.