Gina receives a guaranteed payment of $30,000 and a cash withdrawal of $10,000 from a partnership. Her outside basis before these events is $40,000.

Which of the following statements regarding the tax results to Gina is false?

Question options:

	Only $10,000 of these amounts are taxable income
	Only $30,000 of these amounts are taxable income
	Her outside basis and capital account are reduced by $10,000 as a result of these events.