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  Jacob is a partner in XYZ LLP, a limited liability partnership that uses the accrual basis of accounting for tax purposes. In 2023, XYZ LLP generated a net income of $500,000, of which Jacob's share amounted to $100,000. Additionally, Jacob received a guaranteed payment of $25,000 for his services to the partnership.

  Item	Amount
  Share of Net Income	$100,000
  Guaranteed Payment	$25,000

  How should Jacob report these income items on his personal tax return?