Table of Contents

• Instructions for Form 706 - Introductory Material
  • What's New
• General Instructions
  • Purpose of Form
  • Which Estates Must File
    • Gross Estate
    • U. S. Citizens or Residents; Nonresident Noncitizens
    • Residents of U. S. Possessions
  • Executor
  • When To File
  • Where To File
  • Paying the Tax
  • Signature and Verification
  • Amending Form 706
  • Supplemental Documents
  • Rounding Off to Whole Dollars
  • Penalties
  • Obtaining Forms and Publications To File or Use
• Specific Instructions
  • 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
  • Part 2—Tax Computation (Page 1 of Form 706)
    • Line 1
    • Line 3b. State Death Tax Deduction
    • Line 6
    • Lines 4 and 7
    • Line 9. Maximum Unified Credit (applicable credit amount)
    • Line 10. Adjustment to Unified Credit (applicable credit amount)
    • Line 15. Total Credits
  • Part 3—Elections by the Executor (Page 2 of Form 706)
    • Line 1. Alternate Valuation
    • Line 2. Special-Use Valuation of Section 2032A
    • Line 3. Section 6166 Installment Payments
    • Line 4. Reversionary or Remainder Interests
  • 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. Foreign Accounts
  • Part 5—Recapitulation (Page 3 of Form 706)
    • Gross Estate
    • Exclusion
    • Deductions
  • Schedule A—Real Estate
  • Schedule A-1—Section 2032A Valuation
  • Schedule B—Stocks and Bonds
    • Description
    • Valuation
  • Schedule C—Mortgages, Notes, and Cash
  • Schedule D—Insurance on the Decedent's Life
  • Schedule E—Jointly Owned Property
  • Schedule F—Other Miscellaneous Property
  • Schedule G—Transfers During Decedent's Life
    • Special Valuation Rules for Certain Lifetime Transfers
    • How To Complete Schedule G
  • Schedule H—Powers of Appointment
    • Powers of Appointment
    • Attachments
  • Schedule I—Annuities
    • General
    • Annuities Under Approved Plans
    • Line A. Lump Sum Distribution Election
    • How To Complete Schedule I
  • Schedule J—Funeral Expenses and Expenses Incurred in Administering Property Subject to Claims
  • Schedule K—Debts of the Decedent and Mortgages and Liens
    • Debts of the Decedent
    • Mortgages and Liens
    • Description
  • 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
  • Schedule M—Bequests, etc., to Surviving Spouse (Marital Deduction)
  • Schedule O—Charitable, Public, and Similar Gifts and Bequests
    • General
    • Line 2. Qualified Disclaimer
    • Attachments
    • Value
  • Schedule P—Credit for Foreign Death Taxes
    • General
    • Limitation Period
    • Credit Under the Statute
    • Computation of Credit Under the Statute
    • Credit Under Treaties
  • 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
  • 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 U—Qualified Conservation Easement Exclusion
    • General Requirements
    • Specific Instructions
  • Continuation Schedule
• Instructions for Form 706 - Notices
  • Privacy Act and Paperwork Reduction Act Notice.
• Instructions for Form 706 - Additional Material
• Index