Ned and Maude had been married for 10 years. They have two children Rod (12) and Todd (10). Ned and Maude purchased a home together for $350,000 in the year 2005. In 2015, Maude was killed in a freak accident at a race track. Her will specified that her estate would be equally divided between her two sons, Rod and Todd. At the time of Maudes death, the Home was valued at $415,000.

Please complete the tables provided based on the ownership assumptions provided:

Table 1: Applies to Primary Residence

Ownership	Amount in Gross Estate (Maude)	Amount in Probate Estate (Maude)	Who receives Maudes ownership in the home	Neds Income Tax basis after Maudes death	Rod/Todds Income tax basis after Maudes death	Unlimited Marital deduction applies?
Fee Simple*
TIC**
JTWRS**
TE**
Community Property***

* Assume that Ned purchased the home with $350,000 of separate funds

** Assume that Maude contributed $200,000 and Ned contributed $150,000 to the purchase

*** Assume purchase was made with community funds