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Mix together the flour and sugar.
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Cut in the butter until blended.
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In a separate small bowl mix the water, almond extract, and egg yolk.
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Using a fork mix together the wet and dry ingredients into a dough.
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Knead until smooth.
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Wrap the ball well with plastic wrap and refrigerate for up to 1 hour.
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Preheat oven to 350 degrees.
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Roll dough into 1 inch balls and press with your thumb down into the cookie molds or small tart molds.
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Press so that the dough is all of the way up the side of the molds.
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Prick the unbaked tarts with a fork to keep them from puffing up and deforming during baking.
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Bake cookies for 15 to 20 minutes, until golden brown.
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Cool cookies in molds on a wire rack for 10 minutes before carefully removing to cool completely.
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Store in an airtight container until served.