Which of the following statements about payments made to a retiring partner or successor in interest of a deceased partner that are not made in exchange for an interest in the partnership property is true?

A.If the amount of the payment is based on partnership income, the payment is taxable as a distributive share of partnership income.

B.Payments made within 5 years of the partners retirement or death are always treated as made in exchange for an interest in the partnership property.

C.Payments made within 5 years of the partners retirement or death are always treated as distributive shares of partnership income.

D.If the amount of the payment is based on partnership income, the payment is treated as a guaranteed payment.