Which statement is true regarding goodwill that is provided for in the partnership agreement?

Which statement is true regarding goodwill that is provided for in the partnership agreement?

• the goodwill is ignored for purposes of a partner's share of gain or loss
• the goodwill is taxable as capital gain
• the goodwill is taxable as ordinary income
• the goodwill will be prorated so that it can be ordinary or capital gain, depending on the amount of partnership property