Joaquin is a $30$ percent partner in the SBD Partnership, a calendar$-$year$-$end entity. As of the end of this year, Joaquin has an outside basis in his interest in SBD of $$188,000,$ which includes his share of the $$60,000$ of partnership liabilities. On December $31,$ SBD makes a proportionate distribution of the following assets to Joaquin:

$\backslash$table$[[,$Tax Basis,FMV$],[$Cash$,$$$40,000,$$$40,000$