Sherri purchased a home many years ago for $$40,000.$ She married Gary five years ago when the house was worth $$150,000,$ but they do not live in this home. Sherri and Gary live in a community property state. Assume Sherri died today and gave her interest in the property to her son Casey. The property is currently valued at $$200,000.$ What is Gary's basis in the home after Sherri's death?

$$0$

$$75,000$

$$100,000$

$$200,000$