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

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