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Instructions for Form 706

• General Instructions
  • Changes To Note
  • A. Purpose of Form
  • B. Which Estates Must File
    • Gross Estate
    • U. S. Citizens or Residents; Nonresident Noncitizens
    • Residents of U. S. Possessions

  • C. Executor
  • D. When To File
  • F. Paying the Tax
  • G. Signature and Verification
  • H. Amending Form 706
  • I. Supplemental Documents
  • J. Rounding Off to Whole Dollars
  • K. Penalties
  • L. Obtaining Forms and Publications To File or Use

• Specific Instructions
  • Instructions for Part 1. Decedent and Executor (Page 1 of Form 706)
    • Line 2
    • Line 6a - Name of Executor
    • Line 6b - Executor's Address
    • Line 6c - Executor's Social Security Number

  • Instructions for Part 2. Tax Computation (Page 1 of Form 706)
    • Line 1
    • Line 6
    • Lines 4 and 7
    • Line 9 - Unified Credit (applicable credit amount)
    • Line 10 - Adjustment to Unified Credit (applicable credit amount)
    • Line 13 - Credit for State Death Taxes
    • Line 15 - Credit for Federal Gift Taxes
    • Line 23 - United States Treasury Bonds

  • Instructions for Part 3. Elections by the Executor (Page 2 of Form 706)
    • Line 1 - Alternate Valuation
    • Line 2 - Special Use Valuation of Section 2032A
      • Qualified Real Property
      • Material Participation
      • Valuation Methods
      • Making the Election
      • Protective Election
      • Additional information

    • Line 3 - Installment Payments
    • Line 4 - Reversionary or Remainder Interests

  • Instructions for Part 4. General Information (Pages 2 and 3 of Form 706)
    • Authorization
    • Line 4
    • Line 5
    • Line 6 - Section 2044 Property
    • Line 8 - Insurance Not Included in the Gross Estate
    • Line 10 - Partnership Interests and Stock in Close Corporations
    • Line 12 - Trusts
    • Line 14 - Transitional Marital Deduction Computation

  • Instructions for Part 5. Recapitulation (Page 3 of Form 706)
    • Gross Estate
    • Exclusion
    • Deductions

  • Instructions for Schedule A. Real Estate
  • Schedule A-1. Section 2032A Valuation
  • Instructions for Schedule B. Stocks and Bonds
    • General
    • Description
    • Valuation

  • Instructions for Schedule C. Mortgages, Notes, and Cash
  • Instructions for Schedule D. Insurance on the Decedent's Life
  • Instructions for Schedule E. Jointly Owned Property
  • Instructions for Schedule F. Other Miscellaneous Property
  • Instructions for Schedule G. Transfers During Decedent's Life
    • Special Valuation Rules for Certain Lifetime Transfers
    • How To Complete Schedule G

  • Instructions for Schedule H. Powers of Appointment
    • Powers of Appointment
    • Attachments

  • Instructions for Schedule I. Annuities
    • General
      • Part Includible
      • Definitions

    • Annuities Under Approved Plans
      • Approved Plans

    • Line A - Lump Sum Distribution Election
    • How To Complete Schedule I

  • Instructions for Schedule J. Funeral Expenses and Expenses Incurred in Administering Property Subject to Claims
  • Instructions for Schedule K. Debts of the Decedent and Mortgages and Liens
    • Debts of the Decedent
    • Mortgages and Liens
    • Description

  • Instructions for Schedule L. Net Losses During Administration and Expenses Incurred in Administering Property Not Subject to Claims
    • Net Losses During Administration
    • Expenses Incurred in Administering Property Not Subject to Claims

  • Instructions for Schedule M. Bequests, etc., to Surviving Spouse (Marital Deduction)
  • Instructions for Schedule O. Charitable, Public, and Similar Gifts and Bequests
    • General
    • Line 2 - Qualified Disclaimer
    • Attachments
    • Value

  • Instructions for Schedule P. Credit for Foreign Death Taxes
    • General
    • Limitation Period
    • Credit Under the Statute
    • Computation of Credit Under the Statute
    • Credit Under Treaties

  • Instructions for Schedule Q. Credit for Tax on Prior Transfers
    • General
    • Property
    • Maximum Amount of the Credit
    • Percent Allowable
    • How To Compute the Credit
    • How To Complete the Schedule Q Worksheet

  • Instructions for Schedules R and R-1. Generation-Skipping Transfer Tax
    • Introduction and Overview
    • Determining Which Transfers Are Direct Skips
    • Dividing Direct Skips Between Schedules R and R-1
    • How To Complete Schedules R and R-1
    • How To Complete Schedule R
    • How To Complete Schedule R-1

  • Schedule T. Qualified Family-Owned Business Interest Deduction
    • General Requirements
    • Qualified Family-Owned Business Interest
    • Limitations
    • Qualified Heir
    • Interests Acquired From the Decedent
    • Material Participation
    • Specific Instructions
      • Line 4
      • Line 5
      • Line 7
      • Line 8a
      • Line 8b
      • Line 8c
      • Line 11a
      • Line 11b
      • Line 13a
      • Line 13e
      • Line 13f
      • Line 13h
      • Line 15

  • Schedule U. Qualified Conservation Easement Exclusion
    • General Requirements
      • Qualified Land
      • Member of Family
      • Indirect Ownership of Land
      • Qualified Conservation Easement

    • Specific Instructions
      • Line 1
      • Line 3
      • Line 4
      • Line 5
      • Line 7
      • Line 10
      • Line 15
      • Line 16

  • Continuation Schedule

• Paperwork Reduction Act Notice.

Index

[ Click for Table of Contents ]

A

• Address, executor
• Alternate valuation
• Amending Form 706
• Annuities
• Applicable credit amount
• Authorization

B

• Bequests
• Bonds

C

• Changes to note
• Close corporations
• Conservation purpose
• Continuation Schedule ( See Continuation Schedule on Form 706 )
• Credit for federal gift taxes
• Credit for tax on prior transfers

D

• Death certificate
• Debts of the decedent
• Debts, mortgages and liens
• Deductions
• Disclaimer, qualified

E

• Election
• Election
• Exclusion
• Executor
• Executor
• Expenses, losses

G

• General Information
• General Instructions
• Generation-skipping transfer tax
• Gross estate
• Gross estate

I

• Inclusion ratio for trust
• Insurance
• Interests, reversionary or remainder

L

• Liens
• Lump sum distribution election

M

• Marital deduction computation, transitional
• Material participation
• Material participation
• Member of family
• Member of family

N

• Nonresident Noncitizens

P

• Paperwork Reduction Act Notice
• Part 1, Decedent and Executor
• Part 3. Elections by the Executor
• Paying the Tax
• Payments, installment
• Penalties
• Powers of appointment
• Private delivery services
• Property, section 2044
• Publications, obtaining
• Purpose of Form

Q

• Qualified conservation easement exclusion
• Qualified family-owned business interest deduction (QFOBI)
• Qualified heir

R

• Real property interest, qualified
• Real property, qualified
• Recapitulation
• Residents of U. S. Possessions
• Rounding off to whole dollars

S

• Schedule A Real Estate ( See reverse side of Sch. A on Form 706 )
• Schedule A-1 Section 2032A Valuation ( See Sch. A-1 on Form 706 )
• Schedule C Mortgages, notes, and cash ( See reverse side of Sch. C on Form 706 )
• Schedule D Insurance ( See reverse side of Sch. D on Form 706 )
• Schedule E Jointly owned property ( See reverse side of Sch. E on Form 706 )
• Schedule F. Other miscellaneous property ( See reverse side of Sch. F on Form 706 )
• Schedule G Transfers during decedent's life
• Schedule G, how to complete
• Schedule H Powers of appointment
• Schedule I, how to complete
• Schedule J Expenses ( See reverse side of Sch. J on Form 706 )
• Schedule M (Marital deduction) ( See instructions in the Form 706, itself )
• Schedule R, how to complete
• Schedule R-1, how to complete
• Schedule R-1, how to complete
• Schedules R and R-1, direct skips
• Section 2032A
• Section 2038 transfers
• Signature and verification
• Social security number
• Social security number
• Specific Instructions

T

• Table A, Unified Rate Schedule
• Table B, Credit for state death taxes
• Taxes, foreign death
• Transfers, direct skips
• Trusts

U

• Unified credit adjustment
• United States Treasury bonds

V

• Valuation methods
• Valuation rules, transfers

W

• Where To File
• Which Estates Must File
• Worksheet for Schedule Q
• Worksheet TG-Taxable Gifts Reconciliation

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