In 2012, Bob Brown's Aunt Barbara Gave Him a House

Multiple Choice

In 2012, Bob Brown's aunt Barbara gave him a house. At the time of the gift, the house had a fair market value of $193,000, the taxable gift was $180,000, and his aunt's adjusted basis was $73,000. His aunt paid a gift tax of $30,000 on the house. What is Bob's basis in the house for purposes of determining gain?

A) $73,000
B) $93,000
C) $180,000
D) $193,000