Josiah's great aunt gave him the family home on 10/19/2015. His aunt 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

Josiah sold the home in August 2020 for $350,000. What is Josiah's taxable gain on the home, if any?

Select one:

a. $10,070

b. $37,990

c. $0

d. $100,000