At the time of his death, Nick owned the following property: Land held by Nick and his sister Ellen, as joint tenants with right of survivorship. The fair market value of the land on the date of Nicks death was $600,000, and the land was purchased by Nick for himself and his sister 20 years before his death for $150,000. Land held by Nick and Amy as tenants by the entirety. The fair market value of the land on the date of Nicks death was $800,000, and the land was purchased by Amy for Nick and Amy five years before Nicks death for $450,000. A one-half undivided interest in land held with Lance as tenant in common. The fair market value of the land on the date of Nicks death was $400,000, and the land was purchased by Lance for Nick and Lance four years before Nicks death for $300,000. City of Dayton bonds worth $500,000 purchased by Nick five years before his death, and titled in Nicks sole name