During 2019, Jack and Tonya, a Married Couple, Decided to Sell

Multiple Choice

During 2019, Jack and Tonya, a married couple, decided to sell their residence.The residence has a basis of $162,000 and has been owned and occupied by them for 11 years.The house was sold in May for $395,000 with broker's commissions and other selling expenses being $24,000.They purchased a new residence in June for
$400,000.What is the adjusted basis of the new residence?

A) $0
B) $141,000
C) $162,000
D) $191,000
E) None of these