In 2001, Mason buys real estate for $1.5 million and lists ownership as follows: Mason and Dana,

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In 2001, Mason buys real estate for $1.5 million and lists ownership as follows: “Mason and Dana, joint tenants with the right of survivorship.” Mason dies first in 2015 when the real estate is valued at $2 million. How much is included in Mason’s gross estate if Mason and Dana are:

a. Brother and sister.

b. Husband and wife.

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South Western Federal Taxation 2016 Corporations Partnerships Estates And Trusts

ISBN: 9781305399884

39th Edition

Authors: James Boyd, William Hoffman, Raabe, David Maloney, Young

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