Tom and Elizabeth purchase iand for $4,300,000-Tom furnishes $1,290,000 and Elizabeth $3,010,000 of the purchase price. Tite to the property is held as joint tenants with night of survivorship. Eilzabeth dies first 10 years later when the land is worth $8,600,000. h. How much of the property is included in Elizabeth's gross estate? b. What is Tom's income tax basis in the property?