guaranteed payment

(5) Treatment of guaranteed payments (A) In general Any guaranteed payment by a partnership shall not be treated as an applicable payment, and the amount of the net income of the partnership shall be determined by not taking such guaranteed payment into account. (B) Guaranteed payment For purposes of subparagraph (A), the term “guaranteed payment” means any payment referred to in section 707(c).

Source

26 USC § 7519(d)(5)


Scoping language

For purposes of this section
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