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45. Paul owns Blackacre, FMV is $200,000. Paul gifts Blackacre to his two children, Adam and Beth as joint tenants. Adam dies when Blackacre is

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45. Paul owns Blackacre, FMV is $200,000. Paul gifts Blackacre to his two children, Adam and Beth as joint tenants. Adam dies when Blackacre is worth $500,000. What value of Blackacre must Adam's estate include in his gross estate, if any? A. $0 B. $200,000 C. $500,000 D. Depends on his contribution toward the purchase price E. $250,000

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