Question: Problem 2 9 - 4 7 ( Algorithmic ) ( LO . 6 , 7 ) Tavon dies and is survived by his spouse, Marge.

Problem 29-47(Algorithmic)(LO.6,7)
Tavon dies and is survived by his spouse, Marge. Under Tavon's will, all of his otherwise uncommitted assets pass to Marge. For each of the property interests listed below, determine the marital deduction allowed to Tavon's estate.
If an amount is zero, enter "0". If required, round your final answers to the nearest dollar.
Marital Deductiona. Timberland worth $2,080,000 owned by Tavon, Marge, and Amber (Marge's sister) as equal tenants in common. Amber furnished the original purchase price. $________
Residence of Tavon and Marge worth $675,000, owned by them as tenants by the entirety with right of survivorship. Tavon provided the original purchase price.$________
Insurance policy on Tavon's life (maturity value of $1,200,000), owned by Marge and payable to her as the beneficiary. $0
Insurance policy on Tavon's life (maturity value of $450,000), owned by Tavon with Marge as the designated beneficiary.$________
Lump-sum distribution from a qualified pension plan of $1,890,000(Tavon had contributed $567,000 to his account), with Marge as the beneficiary.$________

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