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Daniel and Mia acquired realty for $2 million, with Daniel furnishing $1.5 million of the purchase price and Mia providing the balance. Title to the
Daniel and Mia acquired realty for $2 million, with Daniel furnishing $1.5 million of the purchase price and Mia providing the balance. Title to the property is listed as: Daniel and Mia, joint tenants with right of survivorship. This year Mia dies first when the realty is worth $4 million.
a. How much is included in Mia's gross estate if Daniel and Mia are brother and sister?
b. How much is included in Mia's gross estate if Daniel and Mia are husband and wife?
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