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

Stanley's share as a tenant in common is one-third of the property's value, which is $345,000 / 3 = $115,000. This amount is included in his gross estate.

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