Following are the fair market values of Wilma's assets at her date of death: ...

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Accounting

Following are the fair market values of Wilma's assets at her date of death:

Personal effects and jewelry

$150,000

Land which Wilma bought and held as a joint

tenant with right of survivorship with her sister

800,000

The executor of Wilma's estate did not elect the alternate valuation date. The amount includible in Wilma's gross estate is

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