Problem: Charlie's great-great grandfather is very ill. So, Charlie gives him a parcel of land to make him feel better. Charlie had originally purchased the land for $20,000, and at the time of the gift the land was worth $50,000. Unfortunately, the land failed to improve great-great grandfather's health and he passed away a week after receiving the gift. In his will, great-great grandfather returned the land to Charlie. What is Charlie's basis in land he has reacquired via inheritance? Group of answer choices Something Else $50,000 $20,000