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In 1992,Noah and Olivia Acquire Realty for $2 Million,with Noah

Question 155

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In 1992,Noah and Olivia acquire realty for $2 million,with Noah furnishing $500,000 of the purchase price and Olivia providing the balance.Title to the property is listed as: "Noah and Olivia,joint tenants with right of survivorship." In 2012,Olivia dies first when the realty is worth $3 million.How much is included in her gross estate under the following circumstances?
In 1992,Noah and Olivia acquire realty for $2 million,with Noah furnishing $500,000 of the purchase price and Olivia providing the balance.Title to the property is listed as:  Noah and Olivia,joint tenants with right of survivorship.  In 2012,Olivia dies first when the realty is worth $3 million.How much is included in her gross estate under the following circumstances?

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