If Partner A Receives Retirement Payments From Partnership Interest Of 10 000 Pe (1)
IF PARTNER A RECEIVES RETIREMENT PAYMENTS FROM PARTNERSHIP INTEREST OF 10,000 PER YEAR UNTIL THE PRICE OF OIL DROPS BELOW $20 PER BARREL WHAT DETERMINES PARTNER A”S RETIREMENT GAIN OR LOSS
PAYMENTS ARE TREATED AS CAPITAL GAINS
PAYMENTS TREATED AS ORDINARY INCOME UNTIL A BASIS IS FULLY RECOVERED
PAYMENTS ARE TREATED AS ORDINARY INCOME
PAYMENTS ARE TREATED AS PROPERTY PAYMENTS UNTIL A’S BASIS IS RECOVERED