Steves gross estate, Mary died in 2003, and left a parcel

Steves gross estate

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Reference no: EM133653760

Question

Mary died in 2003, and left a parcel of land worth $600,000 to her three kids (John, Cathy, and Steve) as equal tenants in common. In 2014, Steve suddenly died when the property had increased in value to $900,000, even though no additions or improvements had been made to the land. How much, if anything, is included in Steve's gross estate?

Reference no: EM133653760

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