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9. Mark and Tara are brother and sister. They own a rental property at tenants in common for which they paid $150,000. Mark owns 80%
9. Mark and Tara are brother and sister. They own a rental property at tenants in common for which they paid $150,000. Mark owns 80% of the property. At the time of his death, it is worth $400,000.
How much will be included in his estate?
What basis will Tara take in the property (assuming that it is left to her in the will)?
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