Question: Partner D ( a calendar - year, cash - basis taxpayer ) performed services for the DEF partnership ( an FYE 1 0 / 3

Partner D (a calendar-year, cash-basis taxpayer) performed services for the DEF partnership (an FYE 10/31, accrual basis taxpayer) in October 2011. In return, D is to get a guaranteed payment of $10,000. Assume that DEF is an equal partnership and earns $100,000 of income before considering the guaranteed payment. How much income will Partner D have from the partnership in 2011?

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