Partner L of the LMN Partnership agrees to actively manage the partnership in return for a $6,000 distribution from the partnership each month. How should the $6,000 monthly payment be treated by L?
a. As a guaranteed payment to L.
b. As a distributive share of income to L.
c. As a payment to one not acting as a partner.
d. As a guaranteed payment, but only after subtracting L’s share of the partnership’s deduction of the payment.