A guaranteed payment is:

The amount stated in the partnership agreement for the salary that each partner will receive each year.

A payment made to a partner to reimburse them for any out-of-pocket expenses paid by them for expenses of the partnership.

A special payment made to general partners for their share of profits of the partnership for the year, for which the partner is not subject to self-employment taxes.

A payment made to a partner in exchange for services performed for the partnership or for the use of capital, and made to them even if the partnership has a loss for the year. Mark for follow up