1. Jim wants to have a vacation home he inherited to transfer to his wife at his death. He does not want the home to go through probate. He also doesn't want his wife to be able to sell the home during his life. How should he title the home?

Group of answer choices

Tenancy in common

Joint Tenancy with rights of survivorship

Tenancy by entirety

Sole ownership

2. In 2000, Tariq and Charles bought commercial real estate at a cost of $20,000 and took ownership as tenants in common. Tariq died 3 years ago and left his interest to Charles. The property was valued at $100,000 when Tariq died. Charles sold the property this year for $183,874. What is Charles' taxable gain?

3. Jane and John are married. They bought a vacation property for $100,000 and titled is in joint tenants with rights of survivorship. When John died last year the property was worth $250,000. If Jane sells the property this year for $319,161, what is Jane's capital gain?