Table of Contents

• Instructions for Form 706 - Introductory Material
• General Instructions
  • What's New
  • 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
    • 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
    • Annuities Under 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 U. Qualified Conservation Easement Exclusion
    • General Requirements
    • Specific Instructions
  • Continuation Schedule
• Instructions for Form 706 - Notices
  • Paperwork Reduction Act Notice.
• Instructions for Form 706 - Notices
• Index