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In 1985, Tony and Rhonda acquired land for $600,000, with Tony furnishing $200,000 and Rhonda $400,000 of the purchase price. Title to the property is listed as equal joint tenancy with right of survivorship. Tony died first in in the current year when the land was worth $3,000,000. What is Rhonda's income tax basis in the property under each of the following assumptions?
(I) Tony and Rhonda are brother-sister.
(II) Tony and Rhonda are husband and wife.
(III) Tony and Rhonda are husband and wife, and the land is community property.
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