Jack Murphy sells stock at a gain of $80,000. He reinvests the entire $100,000 proceeds in an SSBIC in a timely fashion and takes maximum advantage...

Jack Murphy sells stock at a gain of $80,000. He reinvests the entire $100,000 proceeds in an SSBIC in a timely fashion and takes maximum advantage of the election to roll over the gain. How much is his basis in the SSBIC stock?

 A.$20,000

 B.$50,000 

C.$80,000 

D.$100,000