Henry and Barry (Father and son) purchased land for $600,000 as joint tenants with right of survivorship. Of the $600,000 purchase price, Henry provided $300,000 and Barry $300,000 (of which $200,000 had been received as a gift from Henry). Barry dies first when the land is worth $3,000,000. As to the land, how much is included in Barry's gross estate?

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Heres how to determine the amount included in Barrys gross estate for the land Joint Tenancy with Ri... View the full answer