What is the tax effect to the partnership if an interest in capital is issued in exchange for services provided to the partnership?

Group of answer choices

The partnership receives a deduction at the time the services are performed, whether the capital interest has vested or not.

The partnership receives a deduction at the time when both the services are performed, and the capital interest has vested.

The partnership receives a deduction at the time of vesting, even though the services has not yet been performed.

The partnership receives no deduction.