Iris purchase a house for $95,000 in 2008. On August 5, 2020, she made a gift of the house to her cousin, Geoff. At the time of the transfer, it was worth $190,000. Geoff died on December 6, 2020. He left the house to Iris in his will. At the time of Geoff's death, the house was worth $195,000. Iris still owns the house. What is Iris's basis in the house?

A. $95,000

B. $190,000

C. $195,000

D. It depends on whether Iris sells it at a gain or a loss.