In 1990,Ethan and Andrea acquire realty for $1 million,with Ethan furnishing $300,000 of the purchase price and Andrea providing the balance.Title to the property is listed as: "Ethan and Andrea,joint tenants with right of survivorship." In 2009,Ethan dies first when the realty is worth $3 million.How much is included in his gross estate under the following circumstances?

Question

In 1990,Ethan and Andrea acquire realty for $1 million,with Ethan furnishing $300,000 of the purchase price and Andrea providing the balance.Title to the property is listed as: "Ethan and Andrea,joint tenants with right of survivorship." In 2009,Ethan dies first when the realty is worth $3 million.How much is included in his gross estate under the following circumstances?
In 1990,Ethan and Andrea acquire realty for $1 million,with Ethan furnishing $300,000 of the purchase price and Andrea providing the balance.Title to the property is listed as: Ethan and Andrea,joint tenants with right of survivorship. In 2009,Ethan dies first when the realty is worth $3 million.How much is included in his gross estate under the following circumstances?

Quizplus · Accepted Answer

The Answer of In 1990,Ethan and Andrea acquire realty for $1 million,with Ethan furnishing $300,000 of the purchase price and Andrea providing the balance.Title to the property is listed as: "Ethan and Andrea,joint tenants with right of survivorship." In 2009,Ethan dies first when the realty is worth $3 million.How much is included in his gross estate under the following circumstances?

In 1990,Ethan and Andrea Acquire Realty for $1 Million,with Ethan