Judy died and was survived by her husband, Jason, who received the following interests as a result
Question:
a. $400,000 of life insurance proceeds; Jason is the beneficiary; Judy held the incidents of own- ership.
b. Outright ownership of $700,000 of land held by Judy and Jason as joint tenants. Jason provided all the consideration to purchase the land.
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Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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