In 2001, Mason buys real estate for $1.5 million and lists ownership as follows: Mason and Dana,

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In 2001, Mason buys real estate for $1.5 million and lists ownership as follows: "Mason and Dana, joint tenants with the right of survivorship." Mason dies first in 2016 when the real estate is valued at $2 million. How much is included in Mason's gross estate if Mason and Dana are:
a. Brother and sister.
b. Husband and wife?
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South Western Federal Taxation 2017 Comprehensive

ISBN: 9781305874169

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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