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Melissa, Nicole, and Miguel are equal partners in the Opto Partnership $($a calendar$-$year$-$end entity$).$ Melissa decides she wants to exit the partnership and receives a proportionate distribution to liquidate her partnership interest on January $1.$ The parthership has no liabilities and holds the following assets as of January $1$:

$\backslash$table$[[,$Tax Basis,FMV$],[$Cash$,$$$18,000,$$$18,000$