Which of the Following Is False Regarding a Guaranteed Payment

question 38

Multiple Choice

Which of the following is false regarding a guaranteed payment?

• A)It is recognized as income by the recipient partner in the taxable year received.
• B)It is either a deductible expense or a capital expenditure to the partnership.
• C)It is ordinary income to the partner receiving the payment.
• D)It is determined without regard to partnership income.
• E)It is added to a partner's distributive share of ordinary income in calculating self-employment income.

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