Question 28 Not yet answered Ryan's father passed away in 2019, and as a result Ryan inherited 300 acres of land from his father's estate. The land had a value of $295,000 when it was distributed to Ryan 3 months after his father died. A Federal estate tax return was filed and the executor did not select the alternate valuation date. The fair market value of the land was $300,000 at the date of the death. The value of the land on the Alternate Valuation date was $290,000. Ryan's father had originally acquired the land in 1964 for $19,000 and prior to his death had made permanent improvements of $6,000. What is Ryan's basis in the land? Points out of 10 P Flag question Select one: a. $19,000 b. $290,000 c. None of the choices listed are correct. d. $295,000 e. $25,000