Edwin was required to grant an easement on his property so the local public utility could install and maintain water and sewer lines. Just prior to the condemnation, the property had an adjusted basis of $$100,000.$ Edwin received $$20,000$ in compensation for the easement. What is Edwin's basis in the property immediately after the condemnation?

$$20,000$

$$80,000$

$$100,000$

$$120,000$