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.
When you sell off shares to fund a loan, the market could be lower than it will be as you repay the loan. For traditional (non-Roth) 401(k) plans, repayments are made with after-tax money but will be taxed again upon distribution at retirement. Originally, your 401(k) contributions were pre-tax. Loans are not taxed.