Linda is a partner of the JKL Partnership. Linda performs services for the partnership and has a capital and profits interest. Under the current terms of the partnership agreement, Linda is entitled to a $50,000 guaranteed payment and 15% of all partnership profits and losses. Linda is a cash basis taxpayer. Linda will recognize the $50,000 guaranteed payment from the partnership ____________.

a.at the time the tax year of the partnership ends if she receives the payment

b. at the time the tax year of the partnership ends regardless of whether she receives the payment

c.ratably throughout the year.

d.whenever she receives the payment