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Question 1: Marty dies on January? 1, 2020. At his death? , Marty owned 2 properties in joint tenancy. The first was his house which he owned jointly with his wife? , Karen. The house date of death value was? $500,000 . The house was purchased in joint tenancy in 2010 for? $200,000 and was paid for entirely by Marty. The second was a vacation home purchased in 2011 jointly with? Marty's brother. Marty paid the entire purchase price of? $200,000. The date of death value of the vacation home was? $300,000.? Marty's gross estate will include what amount with respect to these properties??
A. ?$550,000B. ?$800,000C. ?$400,000D. ?$300,000
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The FASB Accounting Standards Codification
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