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Dmitry_Shevchenko [17]
3 years ago
6

In 2005, Mandy and Hal (mother and son) purchased land for $600,000 as joint tenants with right of survivorship. Of the $600,000

purchase price, Mandy provided $300,000 and Hal $300,000 (of which $200,000 had been received as a gift from Mandy). Hal dies first when the land is worth $3,000,000 .
As to the land, Hal's gross estate must include:


a. $500,000.

b. $1,500,000.

c. $2,500,000.

d. $3,000,000.

e. None of the above.
Business
1 answer:
max2010maxim [7]3 years ago
3 0
The answer will be b
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