Gabriella purchased a house for $85,000 in 2007. On May 5, 2019, she made a gift of the house to her cousin, Marcel. At the time of the transfer, it was worth $160,000. Marcel died on November 16, 2019. He left the house to Gabriella in his will. At the time of Marcel's death, the house was worth $165,000. Gabriella still owns the house. What is Gabriella's basis in the house? 1) $85,000 2) $160,000 3) $165,000 4) it depends on whether Gabriella sells it at a gain or a loss.