In the current year, Dove Corporation $($E & P of $$1$ million$)$ distributes all of its property in a complete liquidation. Alexandra, a shareholder, receives land having a fair market value of $$200,000.$ Dove Corporation had purchased the land as an investment three years ago for $$125,000,$ and the land was distributed subject to a $$100,000$ liability. Alexandra took the land subject to the $$100,000$ liability. What is her basis in the land?

Question $11$ options:

a$)$

$$0$

b$)$

$$100,000$

c$)$

$$125,000$

d$)$

$$200,000$

e$)$

None of these