west 60. Vallur thon bus. X Lonzo is single. He sold his house and connecting property in July for $395,000. The house was purchased in 1958 by Lonzo and his wife (deceased four years ago) for $35,000. Lonzo completed the following work/purchases to the house during the time he lived there. Purchase of connecting property $ 30,000 Repaired heat pump $ 800 Addition of 1,200 square feet $ 55,000 Installed central heat/air $ 4,250 In-ground pool $ 15,000 Cleaned all plumbing pipes $ 950 Repaired slate shingles $ 2,000 Calculate the exclusion on the sale of Lonzo's house 102.000 F108.000 6000+100.000 +35,000 148,000 a) $255,750 b) $260,000 c) $250,000 is the sale price of the prop. not the exclusi