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Joshua and David purchased real property for $520,000 as equal tenants in common. Although they are listed as equal co-owners, Joshua was only able to
Joshua and David purchased real property for $520,000 as equal tenants in common. Although they are listed as equal co-owners, Joshua was only able to provide $208,000 of the purchase price. David treated the additional $104,000 of his contribution to the purchase price as a gift to Joshua. If the property is worth $2.7 million at Joshua's death, what amount would be included in Joshua's estate?
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