Harry and Sally resided in a home that they co-owned. Sally had inherited the house from her mother. It was valued at $100,000 at her mothers date of death. When she added Harry to the deed the value of the house was $200,000. Sally died this year when the house was valued at $240,000.

If Harry and Sally were boyfriend and girlfriend, and the house was held in joint tenancy, what amount is included in Sallys gross estate and what is Harrys new basis?

		a. $240,000 & $240,000
		b. $180,000 & $180,000
		c. $120,000 & $170,000
		d. $0 & $100,000
		e. $120,000 & $240,000