Q. Tobin inherited 100 acres of land on the death of his father in 2019. A Federal estate tax return was filed and the land was valued at $300,000 (its fair market value at the date of the death). The father had originally acquired the land in 1976 for $19,000 and prior to his death had made permanent improvements of $6,000. What is Tobins basis in the land?

a. $19,000 b. $25,000 c. $300,000 d. $325,000