TN 9 (02-98)
Retirement payments made by a partnership to a retired partner are excluded from NESE
if certain conditions are met.
To be excluded, payments must be pursuant to a written plan which provides for payment
on account of retirement:
To partners generally or to a class or classes of partners;
On a periodic basis; and
Which will continue at least until the partner's death.
See section 404.1088(b) of Regulations No. 4 for other conditions that may apply.