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Mia, a resident of New Jersey, purchases realty for $600,000 listing title as "Mia and...

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Accounting

Mia, a resident of New Jersey, purchases realty for $600,000 listing title as "Mia and Ella, joint tenants with right of survivorship." Mia predeceases Ella when the realty is worth $3,000,000. Ella's income tax basis in the property is:

a. $3,000,000.

b. $1,800,000.

c. $3,300,000.

d. $300,000.

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