Please include the citation for part e as well! thanks

45. During the current year, Darcy had property with an adjusted basis to him of $50,000 that was condemned by the City of Pittsburgh. The City paid Darcy $65,000 for the property Darcy immediately [purchased similar new property for $58,000. If Darcy elects to defer recognition if gain what is the basis of Darcy's replacement property? a. $35,000 b. $50,000 c. $58,000 d. $66,000 IRC Citation e