1. A taxpaver is an active participant in a general partnership with their brother.
2. 
   
3.  The taxpayer makes most of the business decisions and gets a guaranteed payment of $2,000 a month. 
4. 
   
5. The taxpayer's 1065 K-1 reflects $10,000 business income in box 1, $24,000 in box 4a, $500 in interest in box 5, and $3,000 dividends in box 6a and 6b, all of which are qualified.
6. 
   
7. Is this statement true about how the taxpayer should report these items on their 1040?