Miguel contributed substantially appreciated property to the MR Partnership in year $1.$ In year $4,$ other property was distributed to Miguel. The partnership does not have any hot assets. Which of the following statements is most likely to be true regarding the contribution and$/$or distribution?

a$.$The partnership recognizes the precontribution gain in year $1$ and allocates that gain to Miguel.

b$.$The partnership recognizes the precontribution gain in year $4$ and allocates that gain to all the partners.

c$.$Miguel recognizes precontribution gain in year $4$ when the second property is distributed to him.

d$.$Miguel recognizes the precontribution gain on an amended tax return for year $1$ when the second property is distributed to him.