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Vincent is a partner in an engineering firm. He is active in the business and servies as the partnership's chief technology officer. He recieves a

Vincent is a partner in an engineering firm. He is active in the business and servies as the partnership's chief technology officer. He recieves a guaranteed payment of $120,000 each year with out regard to the firm's profits of losses. Asumming the payment is reported correctly on his Schedule K-1(form 1065), how should vincent report this income on his tax return?

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