At his death Stanley owned real estate worth $345,000 with two other individuals as equal tenants in common. Stanley contributed $50,000 to the $100,000 total cost of the property. What amount, if any, is included in Stanley's gross estate?

Question

Quizplus · Accepted Answer

The value of property held as tenants in common that is included in the decedent's gross estate is determined by the proportion owned by the decedent. In this instance, Stanley owns an equal one-third interest so one-third of the $345,000 value is included in his gross estat

At His Death Stanley Owned Real Estate Worth $345,000 with Two