Partner D (a calendar-year, cash basis taxpayer) performs services for the DEF partnership (a FYE 10/31, accrual basis taxpayer) in October, 2015. In return, D is to get a guaranteed payment of $10,000. DEF pays D the guaranteed payment in January, 2016. When is it deducted by DEF? When is it included in Ds income?

Assume that DEF is an equal partnership and earns $100,000 of income before considering the guaranteed payment. How much income will D have from the partnership in 2015?