Jonathan and Clark (Father and son) purchased land for $600,000 as joint tenants with right...
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Jonathan and Clark (Father and son) purchased land for $600,000 as joint tenants with right of survivorship. Of the $600,000 purchase price, Jonathan provided $300,000 and Clark $300,000 (of which $200,000 had been received as a gift from Jonathan). Clark dies first when the land is worth $3,000,000. As to the land, how much is included in Clarks gross estate?
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