Douglas and Julie Are a Married Couple Who Live in Louisiana

Douglas and Julie are a married couple who live in Louisiana, a community property state. They jointly own property with an adjusted basis of $140,000. On December 2 of this year, Julie died when the property had a fair market value of $160,000. Douglas's basis in the property after Julie's death is

A) $0.
B) $150,000.
C) $140,000.
D) $160,000.