In 1990, Bret and Olivia acquire realty for $1 million, with Bret furnishing $400,000 of the purchase price and Olivia providing the balance. Title to the property is listed as: "Bret and Olivia, joint tenants with right of survivorship." In 2011, Olivia dies first when the realty is worth $4 million. How much is included in her gross estate under the following circumstances?

Question

In 1990, Bret and Olivia acquire realty for $1 million, with Bret furnishing $400,000 of the purchase price and Olivia providing the balance. Title to the property is listed as: "Bret and Olivia, joint tenants with right of survivorship." In 2011, Olivia dies first when the realty is worth $4 million. How much is included in her gross estate under the following circumstances?
In 1990, Bret and Olivia acquire realty for $1 million, with Bret furnishing $400,000 of the purchase price and Olivia providing the balance. Title to the property is listed as: Bret and Olivia, joint tenants with right of survivorship. In 2011, Olivia dies first when the realty is worth $4 million. How much is included in her gross estate under the following circumstances?

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The Answer of In 1990, Bret and Olivia acquire realty for $1 million, with Bret furnishing $400,000 of the purchase price and Olivia providing the balance. Title to the property is listed as: "Bret and Olivia, joint tenants with right of survivorship." In 2011, Olivia dies first when the realty is worth $4 million. How much is included in her gross estate under the following circumstances?

In 1990, Bret and Olivia Acquire Realty for $1 Million