Question: . a. How is a Sec. 707(a) payment to a partner for services treated by the partner and the partnership? When will it be recognized

. a. How is a Sec. 707(a) payment to a partner for services treated by the partner and the partnership? When will it be recognized by a cash basis partner? When will it be deducted by a partnership

b How is a guaranteed payment for services treated by the partner and the partnership? When is it recognized or deducted?

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