John Albin is a retired partner of Brill & Crum, a personal
service partnership. Albin has not rendered any services to Brill
& Crum since his retirement in 2010. Under the provisions of
Albin’s retirement agreement, Brill & Crum is obligated to pay
Albin 10% of the partnership’s net income each year. In compliance
with this agreement, Brill & Crum paid Albin $25,000 in
2012. How should Albin treat this $25,000?