Mike inherited some stock from his great aunt. His aunt had purchased the stock many years ago for $$48,000.$ At the date of his aunt's death, the stock was valued at $$225,000.$ Mike wanted the money to

buy a new house, so he sold it for $$225,000,$ and paid sales commissions of $$2,250.$ What is Mike's basis in the stock, and does he have a gain or loss?

a$.$ Basis $$48,000$; gain $$174,750$

b$.$ Basis $$225,000$; gain $$0$

c$.$ Basis $$225,000$; loss $$2,250$

d$.$ Basis $$48,000$; gain $$177,000$