Question: Hector borrowed $ 5 0 , 0 0 0 from his S Corporation. He did not pay back the loan. Hector was audited by the

Hector borrowed $50,000 from his S Corporation. He did not pay back the loan. Hector was audited by the IRS and the Revenue Agent assessed tax on the amount Hector did not pay back. What type of income is this called?

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