76. 2. Raha wide Antzo. What X Josiah's great aunt gave him the family home on 10/10/2015. His sunt purchased the house on 2/25/70 for $62,595, The fair market value of the house at the time of the gift was $200,000. Assume he owed no gift tax. The home has never been used for business. Before moving into the house, Josiah paid for the following: New vinyl siding $13,873 Installed storm door and windows $2.962 Repairs to appliances $585 Cemented the driveway $10.500 20 200.000 350.000 750 000 001 10 path Ola 27920 Bu Basis B Josiah sold the home in August 2020 for $350,000. What is Josiah's taxable gain on the home, if any? a) $ b) $ 37,990 c) $100,000 d) $ 10,070 allift take xelusions allowed inthis transaction Go door and Indu 77. Amber's mother and father gave her a condo on 714/2020. Her parents purchased the condo on 9/13/2002 for $158.759. The fair market value of the house at the time of the gift was $265.000 Amber's parents made improvements to the condo of 565,000. What is the amount of the gift that can be excluded from gift tax? $ 0 b) $15,000 c) $30,000 d) $41,241 29. 50000