QUESTION 11 Which of the following is correct regarding Guaranteed Payments? O Guaranteed Payments are not deductible by the Partnership. Guaranteed Payments are Taxable Income to the recipient partner. Guaranteed Payments cannot be paid to a General Partner. 0000 Guaranteed Payments cannot be paid to a more than Fifty Percent (50% ) partner. QUESTION 12 All of the following decreases a Partner's basis in her Partnership Interest" except": Share of decrease in Partnership Liabilities. Share of Partnership Losses. Share of Liabilities assumed by the other Partners on property contributed by the Partner. Share of Liabilities on property contributed to the Partnership by other Partners.