6c Executors social security number (see page 3 of the instructions)

7a Name and location of court where will was probated or estate administered 7b C

8 If decedent died testate, check here  and attach a certified copy of the will. 9 If Form 4768 is attached, check here 

Part 1.

—Deced

10 If Schedule R-1 is attached, check here 

1 Total gross estate less exclusion (from Part 5, Recapitulation, page 3, item 12) 1

2 Total allowable deductions (from Part 5, Recapitulation, page 3, item 23) 2

3 Taxable estate (subtract line 2 from line 1) 3

4 Adjusted taxable gifts (total taxable gifts (within the meaning of section 2503) made by the decedent

after December 31, 1976, other than gifts that are includible in decedent’s gross estate (section 2001(b))) 4

5 Add lines 3 and 4 5

6 Tentative tax on the amount on line 5 from Table A on page 4 of the instructions 6

Total gift tax payable with respect to gifts made by the decedent after December 31, 1976. Include gift

taxes by the decedent’s spouse for such spouse’s share of split gifts (section 2513) only if the decedent

was the donor of these gifts and they are includible in the decedent’s gross estate (see instructions)

7

7

8 Gross estate tax (subtract line 7 from line 6) 8

9 Maximum unified credit (applicable credit amount) against estate tax 9

Adjustment to unified credit (applicable credit amount). (This adjustment

may not exceed $6,000. See page 5 of the instructions.)

10

10

11 Allowable unified credit (applicable credit amount) (subtract line 10 from line 9) 11

Part 2.

—Tax Computation

12 Subtract line 11 from line 8 (but do not enter less than zero) 12

13 Credit for state death taxes (cannot exceed line 12). Attach credit evidence (see instructions). Figure

the credit by using the amount on line 3 less $60,000. See Table B in the instructions.

Enter the amount here from Table B  x .50  13

14 Subtract line 13 from line 12 14

15

Credit for Federal gift taxes on pre-1977 gifts (section 2012) (attach

computation)

15

16

16 Credit for foreign death taxes (from Schedule(s) P). (Attach

Form(s) 706-CE.)

17 Credit for tax on prior transfers (from Schedule Q) 17

18 Total (add lines 15, 16, and 17) 18

19 Net estate tax (subtract line 18 from line 14) 19

20 Generation-skipping transfer taxes (from Schedule R, Part 2, line 10) 20

21 Total transfer taxes (add lines 19 and 20) 21

22 Prior payments. Explain in an attached statement 22

23 United States Treasury bonds redeemed in payment of estate tax 23

24 Total (add lines 22 and 23) 24

25 Balance due (or overpayment) (subtract line 24 from line 21) 25

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowle

it is true, correct, and complete. Declaration of preparer other than the executor is based on all information of which preparer has any knowledge.

Signature(s) of executor(s) Date

Signature of preparer other than executor Address (and ZIP code) Date

Cat. No. 20548R
I declare that I am the attorney/ certified public accountant/ enrolled agent (you must check the applicable box) for the executor 

this return for the executor. I am not under suspension or disbarment from practice before the Internal Revenue Service and am qualified to p

state shown above.

If Yes,you must attach the additional information described on page 9 of the instructions.

Do you elect to postpone the part of the taxes attributable to a reversionary or remainder interest as described in

section 6163?

4

Part 4—General Information

Authorization to receive confidential tax information under Regs. sec. 601.504(b)(2)(i); to act as the estate’s representative before the IRS; and to 

or oral presentations on behalf of the estate if return prepared by an attorney, accountant, or enrolled agent for the executor:

Name of representative (print or type) State Address (number, street, and room or suite no., city, state, and ZIP code

Signature CAF number Date Telephone number

1 Death certificate number and issuing authority (attach a copy of the death certificate to this return).

2 Decedent’s business or occupation. If retired, check here  and state decedent’s former business or occupation.

3 Marital status of the decedent at time of death:

Married

Widow or widower—Name, SSN, and date of death of deceased spouse 

Single

Legally separated

Divorced—Date divorce decree became final 

4a Surviving spouse’s name 4b Social security number 4c Amount received (see page 10 of the 

Individuals (other than the surviving spouse), trusts, or other estates who receive benefits from the estate (do not include charitable 

shown in Schedule O) (see instructions). For Privacy Act Notice (applicable to individual beneficiaries only), see the Instructions for 

5

Name of individual, trust, or estate receiving $5,000 or more Identifying number Relationship to decedent Amount (see 

All unascertainable beneficiaries and those who receive less than $5,000 

Total

(continued on next page) 

(Note: Please attach the necessary supplemental documents. You must attach the death 

(See instructions on page 10.)

Please check the “Yes” or “No” box for each question. 

Does the gross estate contain any section 2044 property (qualified terminable interest property (QTIP) from a prior gift or

estate) (see page 11 of the instructions)?

6

3

4
Did the decedent at the time of death own any property as a joint tenant with right of survivorship in which (a) one or more

of the other joint tenants was someone other than the decedent’s spouse, and (b) less than the full value of the property is

included on the return as part of the gross estate? If “Yes,” you must complete and attach Schedule E

9

Did the decedent, at the time of death, own any interest in a partnership or unincorporated business or any stock in an inactive

or closely held corporation?

10

11 Did the decedent make any transfer described in section 2035, 2036, 2037, or 2038 (see the instructions for Schedule G

beginning on page 13 of the separate instructions)? If “Yes,” you must complete and attach Schedule G

12 Were there in existence at the time of the decedent’s death:

a Any trusts created by the decedent during his or her lifetime?

b Any trusts not created by the decedent under which the decedent possessed any power, beneficial interest, or trusteeship?

13 Did the decedent ever possess, exercise, or release any general power of appointment? If “Yes,” you must complete and attach Schedule H

14 Was the marital deduction computed under the transitional rule of Public Law 97-34, section 403(e)(3) (Economic Recovery Tax Act of 1981)?

If “Yes,” attach a separate computation of the marital deduction, enter the amount on item 20 of the Recapitulation, and note

on item 20 “computation attached.”

Was the decedent, immediately before death, receiving an annuity described in the “General” paragraph of the instructions

for Schedule I? If “Yes,” you must complete and attach Schedule I

15

Part 5—Recapitulation

Item

number Gross estate Alternate value Value at d

1 Schedule A—Real Estate

2 Schedule B—Stocks and Bonds

3 Schedule C—Mortgages, Notes, and Cash

4 Schedule D—Insurance on the Decedent’s Life (attach Form(s) 712)

5 Schedule E—Jointly Owned Property (attach Form(s) 712 for life insurance)

6 Schedule F—Other Miscellaneous Property (attach Form(s) 712 for life insurance)

7 Schedule G—Transfers During Decedent’s Life (att. Form(s) 712 for life insurance)

8 Schedule H—Powers of Appointment

9 Schedule I—Annuities

10 Total gross estate (add items 1 through 9). 

Item

number Deductions Am

11

Schedule K—Debts of the Decedent

12

Schedule K—Mortgages and Liens

13

Total of items 13 through 15

14

Allowable amount of deductions from item 16 (see the instructions for item 17 of the Recapitulation)

15

Schedule L—Net Losses During Administration

16

Schedule L—Expenses Incurred in Administering Property Not Subject to Claims

17

Schedule M—Bequests, etc., to Surviving Spouse

18

Schedule O—Charitable, Public, and Similar Gifts and Bequests

19

20

Total allowable deductions (add items 17 through 22). Enter here and on line 2 of the Tax Computation

Page 3

Schedule T—Qualified Family-Owned Business Interest Deduction

Schedule U—Qualified Conservation Easement Exclusion

Total gross estate less exclusion (subtract item 11 from item 10). Enter here

and on line 1 of Part 2—Tax Computation

21

22

23

Schedule J—Funeral Expenses and Expenses Incurred in Administering Property Subject to Claims

Was the decedent ever the beneficiary of a trust for which a deduction was claimed by the estate of a pre-deceased spouse

under section 2056(b)(7) and which is not reported on this return? If “Yes,” attach an explanation

16

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23
valuation datenumber 

1

Total from continuation schedules or additional sheets attached to this schedule

TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 1.)

(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the sa

Schedule A

(See the instructions on the reverse side.)
In this example, alternate valuation is not adopted; the date of death is January 1, 2003.

da

Alternate

valuation date

Item

number

Alternate

value Description

House and lot, 1921 William Street NW, Washington, DC (lot 6, square 481). Rent

of $2,700 due at end of each quarter, February 1, May 1, August 1, and November

1. Value based on appraisal, copy of which is attached

1

$

Rent due on item 1 for quarter ending November 1, 2002, but not collected at date

of death 

Rent accrued on item 1 for November and December 2002 

House and lot, 304 Jefferson Street, Alexandria, VA (lot 18, square 40). Rent of $600

payable monthly. Value based on appraisal, copy of which is attached

2

Rent due on item 2 for December 2002, but not collected at date of death 

In this example, alternate valuation is adopted; the date of death is January 1, 2003.

da

Alternate

valuation date

Item

number

Alternate

value Description

House and lot, 1921 William Street NW, Washington, DC (lot 6, square 481). Rent

of $2,700 due at end of each quarter, February 1, May 1, August 1, and

November 1. Value based on appraisal, copy of which is attached. Not disposed of

within 6 months following death

1

7/1/03 90,000 $

Rent due on item 1 for quarter ending November 1, 2002, but not collected until

February 1, 2003 2/1/03 2,700 

Rent accrued on item 1 for November and December 2002, collected on

February 1, 2003 2/1/03 1,800 

House and lot, 304 Jefferson Street, Alexandria, VA (lot 18, square 40). Rent of $600

payable monthly. Value based on appraisal, copy of which is attached. Property

exchanged for farm on May 1, 2003

2

5/1/03 90,000 

Rent due on item 2 for December 2002, but not collected until February 1, 2003 2/1/03 600 

Schedule A—Page 5

pppy 

town property, report the street and number, ward,

subdivision, block and lot, etc. For rural property, report

the township, range, landmarks, etc.

contracted to purchase. Report the full value of 

property and not the equity in the value column

the unpaid part of the purchase price on Sched

Report the value of real estate without reduci

homestead or other exemption, or the value of d

curtesy, or a statutory estate created instead of 

curtesy.

If any item of real estate is subject to a mortgage for

which the decedent’s estate is liable; that is, if the

indebtedness may be charged against other property of

the estate that is not subject to that mortgage, or if the

decedent was personally liable for that mortgage, you

must report the full value of the property in the value

Explain how the reported values were determ

attach copies of any appraisals.

Schedule A Examples
market value (instead of special use value) causes an

taxes and charges to increase, enter the increased am

on these lines and attach an explanation of the increa

Otherwise, enter -0-.

, g

Line 6—GST exemption. If you completed line 10 of 

R, Part 1, enter on line 6 the amount shown for the s

on the line 10 special use allocation schedule you atta

Schedule R. If you did not complete line 10 of Sched

Part 1, enter -0- on line 6.

Part 1. Type of Election

Estate and GST Tax Elections. If you elect special use

valuation for the estate tax, you must also elect special use

valuation for the GST tax and vice versa.

You must value each specific property interest at the same

value for GST tax purposes that you value it at for estate tax

purposes.

Total GST Tax Savings. For each skip person, subtr

amount on line 10, Part 2 of the special use value wo

from the tax amount on line 10, Part 2 of the fair mar

worksheet. This difference is the skip person’s total G

savings.

Protective Election. To make the protective election described

in the separate instructions for line 2 of Part 3, Elections by the

Executor, you must check this box, enter the decedent’s name

and social security number in the spaces provided at the top of

Schedule A-1, and complete line 1 and column A of lines 3 and

4 of Part 2. For purposes of the protective election, list on line 3

all of the real property that passes to the qualified heirs even

though some of the property will be shown on line 2 when the

additional notice of election is subsequently filed. You need not

complete columns B–D of lines 3 and 4. You need not complete

any other line entries on Schedule A-1. Completing Schedule

A-1 as described above constitutes a Notice of Protective

Election as described in Regulations section 20.2032A-8(b).

Part 3. Agreement to Special Valuation Und

Section 2032A

The agreement to special valuation by persons with a

in property is required under section 2032A(a)(1)(B) an

and must be signed by all parties who have any inter

property being valued based on its qualified use as o

of the decedent’s death.

An interest in property is an interest that, as of the 

decedent’s death, can be asserted under applicable 

as to affect the disposition of the specially valued pro

the estate. Any person who at the decedent’s death 

such interest in the property, whether present or futu

vested or contingent, must enter into the agreement. 

are owners of remainder and executory interests; the 

general or special powers of appointment; beneficiari

over in default of exercise of any such power; joint te

holders of similar undivided interests when the deced

only a joint or undivided interest in the property or wh

undivided interest is specially valued; and trustees of 

representatives of other entities holding title to, or ho

interests in the property. An heir who has the power 

law to caveat (challenge) a will and thereby affect dis

the property is not, however, considered to be a pers

interest in property under section 2032A solely by rea

right. Likewise, creditors of an estate are not such pe

solely by reason of their status as creditors.

Part 2. Notice of Election

Line 10. Because the special use valuation election creates a

potential tax liability for the recapture tax of section 2032A(c),

you must list each person who receives an interest in the

specially valued property on Schedule A-1. If there are more

than eight persons who receive interests, use an additional sheet

that follows the format of line 10. In the columns “Fair market

value” and “Special use value,” you should enter the total

respective values of all the specially valued property interests

received by each person.

GST Tax Savings

If any person required to enter into the agreement 

desires that an agent act for him or her or cannot leg

himself or herself due to infancy or other incompeten

to death before the election under section 2032A is t

exercised, a representative authorized by local law to 

person in an agreement of this nature may sign the a

on his or her behalf.

Because the GST tax depends on the executor’s allocation of

the GST exemption and the grandchild exclusion, the skip

person who receives the interests is unable to compute this GST

tax savings. Therefore, for each skip person who receives an

interest in specially valued property, you must attach worksheets

showing the total GST tax savings attributable to all of that

person’s interests in specially valued property.

The Internal Revenue Service will contact the agen

designated in the agreement on all matters relating to 

qualification under section 2032A of the specially valu

property and on all matters relating to the special lien 

under section 6324B. It is the duty of the agent as

attorney-in-fact for the parties with interests in the sp

valued property to furnish the IRS with any requested

information and to notify the IRS of any disposition o

of qualified use of any part of the property.

How To Compute the GST Tax Savings. Before computing

each skip person’s GST tax savings, you must complete

Schedules R and R-1 for the entire estate (using the special use

values).

For each skip person, you must complete two Schedules R

(Parts 2 and 3 only) as worksheets, one showing the interests in

Schedule A-1

To compute the additional GST tax due upon disposition (or

cessation of qualified use) of the property, each “skip person”

(as defined in the instructions to Schedule R) who receives an

interest in the specially valued property must know the total GST

tax savings on all of the interests in specially valued property

received. This GST tax savings is the difference between the

total GST tax that was imposed on all of the interests in

specially valued property received by the skip person valued at

their special use value and the total GST tax that would have

been imposed on the same interests received by the skip person

had they been valued at their fair market value.
Page 7

information in the notice of election. To ensure that the

notice of election includes all of the information

required for a valid election, use the following

checklist. The checklist is for your use only. Do not file

it with the return.

1. Does the notice of election include the decedent’s

name and social security number as they appear on

the estate tax return?

2. Does the notice of election include the relevant

qualified use of the property to be specially valued?

3. Does the notice of election describe the items of

real property shown on the estate tax return that are to

be specially valued and identify the property by the

Form 706 schedule and item number?

4. Does the notice of election include the fair market

value of the real property to be specially valued and

also include its value based on the qualified use

(determined without the adjustments provided in

section 2032A(b)(3)(B))?

5. Does the notice of election include the adjusted

value (as defined in section 2032A(b)(3)(B)) of (a) all

real property that both passes from the decedent and

is used in a qualified use, without regard to whether it

is to be specially valued, and (b) all real property to be

specially valued?

6. Does the notice of election include (a) the items

of personal property shown on the estate tax return

that pass from the decedent to a qualified heir and

that are used in qualified use and (b) the total value of

such personal property adjusted under section

2032A(b)(3)(B)?

7. Does the notice of election include the adjusted

value of the gross estate? (See section 2032A(b)(3)(A).)

8. Does the notice of election include the method

used to determine the special use value?

9. Does the notice of election include copies of

written appraisals of the fair market value of the real

property?

10. Does the notice of election include a statement

that the decedent and/or a member of his or her family

has owned all of the specially valued property for at

12. Does the notice of election include, for 

of specially valued property, the name of ever

taking an interest in that item of specially valu

property and the following information about 

such person: (a) the person’s address, (b) the 

taxpayer identification number, (c) the person

relationship to the decedent, and (d) the valu

property interest passing to that person base

fair market value and qualified use?

13. Does the notice of election include affid

describing the activities constituting material

participation and the identity of the material

participants?

14. Does the notice of election include a le

description of each item of specially valued p

(In the case of an election made for qualifie

woodlands, the information included in the no

election must include the reason for entitleme

woodlands election.)

Any election made under section 2032A wi

valid unless a properly executed agreement (S

A-1, Part 3) is filed with the estate tax return. 

ensure that the agreement satisfies the requir

for a valid election, use the following checklis

1. Has the agreement been signed by each 

every qualified heir having an interest in the p

being specially valued?

2. Has every qualified heir expressed conse

personal liability under section 2032A(c) in the 

an early disposition or early cessation of qual

3. Is the agreement that is actually signed b

qualified heirs in a form that is binding on all 

qualified heirs having an interest in the specia

property?

4. Does the agreement designate an agent 

the parties to the agreement in all dealings w

IRS on matters arising under section 2032A?

5. Has the agreement been signed by the d

agent and does it give the address of the age
Part 2. Notice of Election (Regulations section 20.2032A-8(a)(3))

Note: All real property entered on lines 2 and 3 must also be entered on Schedules A, E, F, G, or H, as appli

Qualified use—check one  Farm used for farming, or



1

Trade or business other than farming

2 Real property used in a qualified use, passing to qualified heirs, and to be specially valued on this Form 706.

A B C D

Schedule and item number

from Form 706

Value based on qual

(without section 2032

adjustment)

Adjusted value (with section

2032A(b)(3)(B) 

adjustment)

Totals

Attach a legal description of all property listed on line 2.

Attach copies of appraisals showing the column B values for all property listed on line 2.

3 Real property used in a qualified use, passing to qualified heirs, but not specially valued on this Form 706.

Totals

If you checked “Regular election,” you must attach copies of appraisals showing the column B values for all property listed o

(continued on next page) Schedule A-1

Full value 

(without section 2032A(b)(3)(B)

adjustment)

A B C D

Schedule and item number

from Form 706

Value based on qual

(without section 2032

adjustment)

Adjusted value (with section

2032A(b)(3)(B) 

adjustment)

Full value 

(without section 2032A(b)(3)(B)

adjustment)

● Is signed by each and every qualified heir with an interest in the specially valued property, and

● Is attached to this return when it is filed.
Subtotal Total adjusted value

5 Enter the value of the total gross estate as adjusted under section 2032A(b)(3)(A). 

6 Attach a description of the method used to determine the special value based on qualified use.

Did the decedent and/or a member of his or her family own all property listed on line 2 for at least 5 of the

8 years immediately preceding the date of the decedent’s death?

7

Y

Were there any periods during the 8-year period preceding the date of the decedent’s death during which

the decedent or a member of his or her family:

8

a Did not own the property listed on line 2 above?

b Did not use the property listed on line 2 above in a qualified use?

Did not materially participate in the operation of the farm or other business within the meaning of section

2032A(e)(6)?

c

If “Yes” to any of the above, you must attach a statement listing the periods. If applicable, describe whether the ex

sections 2032A(b)(4) or (5) are met.

Attach affidavits describing the activities constituting material participation and the identity and relations

decedent of the material participants.

9

10 Persons holding interests. Enter the requested information for each party who received any interest in the specially valued 

Name Address

A

B

C

D

E

F

G

H

Identifying number Relationship to decedent Fair market value Spec

A

B

C

D

E

F

G

H

You must attach a computation of the GST tax savings attributable to direct skips for each person listed above who is a skip person. (See i

Woodlands election. Check here  if you wish to make a woodlands election as described in section 2032A(e)(13

Schedule and item numbers from Form 706 of the property for which you are making this election 

11

You must attach a statement explaining why you are entitled to make this election. The IRS may issue regulations that r

information to substantiate this election. You will be notified by the IRS if you must supply further information.

Schedule A-1—Page 9

(Each of the qualified heirs receiving an interest in the property must sign the agreement, and the agreement m

with this return.)
being all the qualified heirs and

being all other parties having interests in the property which is qualified real property and which is valued under section 2032

Internal Revenue Code, do hereby approve of the election made by 

Executor/Administrator of the estate of 

pursuant to section 2032A to value said property on the basis of the qualified use to which the property is devoted and do h

into this agreement pursuant to section 2032A(d).

The undersigned agree and consent to the application of subsection (c) of section 2032A of the Code with respect to all t

described on line 2 of Part 2 of Schedule A-1 of Form 706, attached to this agreement. More specifically, the undersigned hei

agree and consent to personal liability under subsection (c) of 2032A for the additional estate and GST taxes imposed by tha

with respect to their respective interests in the above-described property in the event of certain early dispositions of the prop

cessation of the qualified use of the property. It is understood that if a qualified heir disposes of any interest in qualified real 

any member of his or her family, such member may thereafter be treated as the qualified heir with respect to such interest u

Form 706-A and a new agreement.

The undersigned interested parties who are not qualified heirs consent to the collection of any additional estate and GST tax

under section 2032A(c) of the Code from the specially valued property.

If there is a disposition of any interest which passes, or has passed to him or her, or if there is a cessation of the qualified 

specially valued property which passes or passed to him or her, each of the undersigned heirs agrees to file a Form 706-A, U

Additional Estate Tax Return, and pay any additional estate and GST taxes due within 6 months of the disposition or cessati

It is understood by all interested parties that this agreement is a condition precedent to the election of special use valuation u

2032A of the Code and must be executed by every interested party even though that person may not have received the est

tax benefits or be in possession of such property.

Each of the undersigned understands that by making this election, a lien will be created and recorded pursuant to section 6

Code on the property referred to in this agreement for the adjusted tax differences with respect to the estate as define

2032A(c)(2)(C).

As the interested parties, the undersigned designate the following individual as their agent for all dealings with the Internal Reve

concerning the continued qualification of the specially valued property under section 2032A of the Code and on all issues re

special lien under section 6324B. The agent is authorized to act for the parties with respect to all dealings with the Service 

affecting the qualified real property described earlier. This authority includes the following:

● To receive confidential information on all matters relating to continued qualification under section 2032A of the specially v

real property and on all matters relating to the special lien arising under section 6324B.

● To furnish the Internal Revenue Service with any requested information concerning the property.

● To notify the Internal Revenue Service of any disposition or cessation of qualified use of any part of the property.

● To receive, but not to endorse and collect, checks in payment of any refund of Internal Revenue taxes, penalties, or intere

● To execute waivers (including offers of waivers) of restrictions on assessment or collection of deficiencies in tax and waive

notice of disallowance of a claim for credit or refund.

● To execute closing agreements under section 7121.

Schedule A-1— 

(continued on 
Name of Agent Signature Address

The property to which this agreement relates is listed in Form 706, United States Estate (and Generation-Skipping Transfer) 

and in the Notice of Election, along with its fair market value according to section 2031 of the Code and its special use valu

to section 2032A. The name, address, social security number, and interest (including the value) of each of the undersigned in t

are as set forth in the attached Notice of Election.

IN WITNESS WHEREOF, the undersigned have hereunto set their hands at 

this day of .

SIGNATURES OF EACH OF THE QUALIFIED HEIRS:

Schedule A-1—Page 11

Signature of qualified heir

Signature of qualified heir

Signature of qualified heir

Signature of qualified heir

Signatures of other interested parties

Signatures of other interested parties

Signature of qualified heir

Signature of qualified heir

Signature of qualified heir

Signature of qualified heir

Signature of qualified heir

Signature of qualified heir

Signature of qualified heir

Signature of qualified heir
Total from continuation schedules (or additional sheets) attached to this schedule

TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 2.)

(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the same siz

(The instructions to Schedule B are in the separate instructions.) Schedule B—
Total from continuation schedules (or additional sheets) attached to this schedule

TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 3.)

(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the sa

Schedule C—

(See the instructions on the reverse side.)
Schedule C—Page 14

● Mortgages and notes payable to the decedent at

the time of death.

● Cash the decedent had at the date of death.

Do not list on Schedule C:

● Mortgages and notes payable by the decedent. (If

these are deductible, list them on Schedule K.)

List the items on Schedule C in the following order:

● mortgages,

● promissory notes,

● contracts by decedent to sell land,

● cash in possession, and

● cash in banks, savings and loan associations, and

other types of financial organizations.

What to enter in the “Description” column:

For mortgages, list:

● face value,

● unpaid balance,

● date of mortgage,

● date of maturity,

● name of maker,

● property mortgaged,

● interest dates, and

● interest rate.

● name of purchaser,

● contract date,

● property description,

● sale price,

● initial payment,

● amounts of installment payment,

● unpaid balance of principal, and

● interest rate.

For cash in possession, list:

● such cash separately from bank deposits.

For cash in banks, savings and loan associat

other types of financial organizations, list:

● name and address of each financial organ

● amount in each account,

● serial or account number,

● nature of account--checking, savings, tim

deposit, etc., and

● unpaid interest accrued from date of last 

payment to the date of death.

Important: If you obtain statements from the 

organizations, keep them for IRS inspection.
Total from continuation schedules (or additional sheets) attached to this schedule

TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 4.)

(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the sa

Schedule D—

(See the instructions on the reverse side.)
Schedule D—Page 16

for the benefit of the estate; and

● Insurance on the decedent’s life receivable by

beneficiaries other than the estate, as described

below.

The term ‘‘insurance’’ refers to life insurance of every

description, including death benefits paid by fraternal

beneficiary societies operating under the lodge system,

and death benefits paid under no-fault automobile

insurance policies if the no-fault insurer was

unconditionally bound to pay the benefit in the event

of the insured’s death.

Insurance in favor of the estate. Include on

Schedule D the full amount of the proceeds of

insurance on the life of the decedent receivable by the

executor or otherwise payable to or for the benefit of

the estate. Insurance in favor of the estate includes

insurance used to pay the estate tax, and any other

taxes, debts, or charges that are enforceable against

the estate. The manner in which the policy is drawn is

immaterial as long as there is an obligation, legally

binding on the beneficiary, to use the proceeds to pay

taxes, debts, or charges. You must include the full

amount even though the premiums or other

consideration may have been paid by a person other

than the decedent.

Insurance receivable by beneficiaries other than the

estate. Include on Schedule D the proceeds of all

insurance on the life of the decedent not receivable by

or for the benefit of the decedent’s estate if the

decedent possessed at death any of the incidents of

ownership, exercisable either alone or in conjunction

with any person.

● The right of the insured or estate to its economic

benefits;

● The power to change the beneficiary;

Incidents of ownership in a policy include:

(

is considered a reversionary interest if, fo

example, the proceeds become payable t

insured’s estate or payable as the insured 

the beneficiary dies before the insured.)

Life insurance not includible in the gross es

under section 2042 may be includible under s

other section of the Code. For example, a life

insurance policy could be transferred by the d

in such a way that it would be includible in th

estate under section 2036, 2037, or 2038. (Se

instructions to Schedule G for a description o

sections.)

Completing the Schedule

You must list every policy of insurance on the 

the decedent, whether or not it is included in 

estate.

Under ‘‘Description’’ list:

● Name of the insurance company and

● Number of the policy.

For every policy of life insurance listed on t

schedule, you must request a statement on F

Life Insurance Statement, from the company 

issued the policy. Attach the Form 712 to the 

Schedule D.

If part or all of the policy proceeds are not 

in the gross estate, you must explain why the

not included.

If the policy proceeds are paid in one sum, 

net proceeds received (from Form 712, line 24

value (and alternate value) columns of Sched

the policy proceeds are not paid in one sum, 

value of the proceeds as of the date of the de

death (from Form 712, line 25).
Total from continuation schedules (or additional sheets) attached to this schedule

1a Totals

1b Amounts included in gross estate (one-half of line 1a)

PART 2.—All Other Joint Interests

2a State the name and address of each surviving co-tenant. If there are more than three surviving co-tenants, list the additional co

on an attached sheet.

Name Address (number and street, city, state, and ZIP cod

A.

B.

C.

Enter

letter for

co-tenant

Description 

(including alternate valuation date if any) For

securities, give CUSIP number.

Includ

date 

Includible

alternate value

Percentage

includible

Item

number

Total from continuation schedules (or additional sheets) attached to this schedule

2b Total other joint interests

3

(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the sa

(See the instructions on the reverse side.) Schedule E—

1a

1b

2b

Total includible joint interests (add lines 1b and 2b). Also enter on Part 5, Recapitulation,

page 3, at item 5 3
Schedule E—Page 18

pgppy 

intend to include in the gross estate.

Generally, you must include the full value o

jointly owned property in the gross estate. Ho

the full value should not be included if you ca

that a part of the property originally belonged 

other tenant or tenants and was never receive

acquired by the other tenant or tenants from 

decedent for less than adequate and full cons

in money or money’s worth, or unless you ca

that any part of the property was acquired wi

consideration originally belonging to the survi

tenant or tenants. In this case, you may exclu

the value of the property an amount proportio

the consideration furnished by the other tena

tenants. Relinquishing or promising to relinqu

curtesy, or statutory estate created instead of 

curtesy, or other marital rights in the deceden

property or estate is not consideration in mon

money’s worth. See the Schedule A instructio

value to show for real property that is subject 

mortgage.

If the property was acquired by the decede

another person or persons by gift, bequest, d

inheritance as joint tenants, and their interest

otherwise specified by law, include only that p

value of the property that is figured by dividin

value of the property by the number of joint t

If you believe that less than the full value o

entire property is includible in the gross estat

purposes, you must establish the right to incl

smaller value by attaching proof of the extent

and nature of the decedent’s interest and the

interest(s) of the decedent’s co-tenant or co-t

In the “Includible alternate value” and “Inclu

value at date of death” columns, you should 

the values that you believe are includible in th

estate.

bank accounts, in which the decedent held at the time

of death an interest either as a joint tenant with right to

survivorship or as a tenant by the entirety.

Do not list on this schedule property that the

decedent held as a tenant in common, but report the

value of the interest on Schedule A if real estate, or on

the appropriate schedule if personal property. Similarly,

community property held by the decedent and spouse

should be reported on the appropriate Schedules A

through I. The decedent’s interest in a partnership

should not be entered on this schedule unless the

partnership interest itself is jointly owned. Solely

owned partnership interests should be reported on

Schedule F, “Other Miscellaneous Property.”

Part 1—Qualified joint interests held by decedent

and spouse. Under section 2040(b)(2), a joint interest

is a qualified joint interest if the decedent and the

surviving spouse held the interest as:

● Tenants by the entirety, or

● Joint tenants with right of survivorship if the

decedent and the decedent’s spouse are the only

joint tenants.

Interests that meet either of the two requirements

above should be entered in Part 1. Joint interests that

do not meet either of the two requirements above

should be entered in Part 2.

Under “Description,” describe the property as

required in the instructions for Schedules A, B, C, and

F for the type of property involved. For example, jointly

held stocks and bonds should be described using the

rules given in the instructions to Schedule B.

Under “Alternate value” and “Value at date of

death,” enter the full value of the property.

Note: You cannot claim the special treatment under

section 2040(b) for property held jointly by a decedent

and a surviving spouse who is not a U.S. citizen. You

must report these joint interests on Part 2 of

Schedule E, not Part 1.
3 Did the decedent at the time of death have, or have access to, a safe deposit box?

If ‘‘Yes,’’ state location, and if held in joint names of decedent and another, state name and relationship of joint

depositor.

If any of the contents of the safe deposit box are omitted from the schedules in this return, explain fully why

omitted.

Description 

For securities, give CUSIP number.

Alternate

valuation date

Item

number Alternate value Value at 

1

Total from continuation schedules (or additional sheets) attached to this schedule

TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 6.)

(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the sa

(See the instructions on the reverse side.)

Schedule F—

If Yes,submit full details on this schedule.
● Household goods and personal effects, including

wearing apparel

● Farm products and growing crops

● Livestock

● Farm machinery

● Automobiles

If the decedent owned any interest in a partnership

or unincorporated business, attach a statement of

assets and liabilities for the valuation date and for the

5 years before the valuation date. Also attach

statements of the net earnings for the same 5 years.

● Interests in business

● Insurance on the life of another (obtain and attach

Form 712, Life Insurance Statement, for each

policy)

Note for single premium or paid-up policies: In

certain situations, for example where the surrender

value of the policy exceeds its replacement cost, the

true economic value of the policy will be greater

than the amount shown on line 59 of Form 712. In

these situations, you should report the full economic

value of the policy on Schedule F. See

Rev. Rul. 78-137, 1978-1 C.B. 280 for details.

Schedule A. Describe the real estate with the 

detail required for Schedule A.

● Section 2044 property (see Decedent Who Was a

Surviving Spouse below)

● Claims (including the value of the decedent’s

interest in a claim for refund of income taxes or

the amount of the refund actually received)

Line 1. If the decedent owned at the date of 

articles with artistic or intrinsic value (e.g., jew

silverware, books, statuary, vases, oriental rug

stamp collections), check the “Yes” box on lin

provide full details. If any one article is valued 

than $3,000, or any collection of similar article

valued at more than $10,000, attach an appra

an expert under oath and the required statem

regarding the appraiser’s qualifications (see

Regulations section 20.2031-6(b)).

● Rights

● Royalties

● Leaseholds

● Judgments

● Reversionary or remainder interests

Schedule F—Page 20

● Shares in trust funds (attach a copy of the trust

instrument)

Decedent Who Was a Surviving Spo

If the decedent was a surviving spouse, he or 

have received qualified terminable interest pro

(QTIP) from the predeceased spouse for whic

marital deduction was elected either on the

predeceased spouse’s estate tax return or on 

return, Form 709. The election was available 

made and decedents dying after December 3

List such property on Schedule F.

If this election was made and the surviving 

retained his or her interest in the QTIP proper

death, the full value of the QTIP property is in

in his or her estate, even though the qualifyin

interest terminated at death. It is valued as of 

of the surviving spouse’s death, or alternate v

date, if applicable. Do not reduce the value b

annual exclusion that may have applied to the 

creating the interest.

The value of such property included in the 

spouse’s gross estate is treated as passing fr

surviving spouse. It therefore qualifies for the 

and marital deductions on the surviving spou

estate tax return if it meets the other requirem

those deductions.

For additional details, see Regulations sect

20.2044-1.
B. Transfers includible under section 2035(a), 2036, 2037, or 2038:

1

Total from continuation schedules (or additional sheets) attached to this schedule

TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 7.)

SCHEDULE H—Powers of Appointment

(If you elect section 2032A valuation, you must complete Schedule H and Schedule A-1.)

1

Total from continuation schedules (or additional sheets) attached to this schedule

TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 8.)

(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the sa

(The instructions to Schedules G and H are in the separate instructions.) Schedules G and H—

Description Alternate

valuation date

Item

number Alternate value Value at 

(Include “5 and 5 lapsing” powers (section 2041(b)(2)) held by the decedent.)
1

Total from continuation schedules (or additional sheets) attached to this schedule

TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 9.)

(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the sa

(The instructions to Schedule I are in the separate inst

Schedule I—Page 22
A. Funeral expenses:

1

Total funeral expenses 

B. Administration expenses:

Executors’ commissions—amount estimated/agreed upon/paid. (Strike out the words that do not

apply.)

1

2 Attorney fees—amount estimated/agreed upon/paid. (Strike out the words that do not apply.)

3 Accountant fees—amount estimated/agreed upon/paid. (Strike out the words that do not apply.)

Expense amount

4 Miscellaneous expenses:

Total miscellaneous expenses from continuation schedules (or additional sheets)

attached to this schedule

Total miscellaneous expenses 

TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 13.) 

(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the sa

Schedule J—

(See the instructions on the reverse side.)
expense. Do not list expenses incurred in

administering property not subject to claims on this

schedule. List them on Schedule L instead.

Do not deduct on this schedule amounts paid 

trustees’ commissions whether received by you 

the capacity of a trustee or by a separate truste

amounts were paid in administering property no

to claims, deduct them on Schedule L.

Note: Executors’ commissions are taxable incom

executors. Therefore, be sure to include them a

on your individual income tax return.

Funeral Expenses. Itemize funeral expenses on line A.

Deduct from the expenses any amounts that were

reimbursed, such as death benefits payable by the Social

Security Administration and the Veterans Administration.

Attorney Fees. Enter the amount of attorney fe

have actually been paid or that you reasonably 

be paid. If on the final examination of the return 

claimed have not been awarded by the proper c

paid, the deduction will be allowed provided the 

and Gift Tax Territory Manager is reasonably sat

the amount claimed will be paid and that it doe

exceed a reasonable payment for the services p

taking into account the size and character of th

and the local law and practice. If the fees claim

not been paid at the time of final examination o

return, the amount deducted must be supported 

affidavit, or statement signed under the penaltie

perjury, by the executor or the attorney stating t

amount has been agreed upon and will be paid

Executors’ Commissions. When you file the return, you

may deduct commissions that have actually been paid to

you or that you expect will be paid. You may not deduct

commissions if none will be collected. If the amount of

the commissions has not been fixed by decree of the

proper court, the deduction will be allowed on the final

examination of the return, provided that:

● The Estate and Gift Tax Territory Manager is reasonably

satisfied that the commissions claimed will be paid;

● The amount entered as a deduction is within the

amount allowable by the laws of the jurisdiction where

the estate is being administered;

Do not deduct attorney fees incidental to litig

incurred by the beneficiaries. These expenses a

against the beneficiaries personally and are not

administration expenses authorized by the Code

● It is in accordance with the usually accepted practice in

that jurisdiction for estates of similar size and character.

If you have not been paid the commissions claimed at

the time of the final examination of the return, you must

Schedule J—Page 24

Miscellaneous Expenses. Miscellaneous admin

expenses necessarily incurred in preserving and

distributing the estate are deductible. These exp

include appraiser’s and accountant’s fees, certa

costs, and costs of storing or maintaining asset

estate.

The expenses of selling assets are deductible 

the sale is necessary to pay the decedent’s deb

expenses of administration, or taxes, or to prese

estate or carry out distribution.

The deduction is limited to the amount paid for these

expenses that is allowable under local law but may not

exceed:

1. The value of property subject to claims included in

the gross estate, plus

2. The amount paid out of property included in the

gross estate but not subject to claims. This amount must

actually be paid by the due date of the estate tax return.

The applicable local law under which the estate is

being administered determines which property is and is

not subject to claims. If under local law a particular

property interest included in the gross estate would bear

the burden for the payment of the expenses, then the

property is considered property subject to claims.

Unlike certain claims against the estate for debts of the

decedent (see the instructions for Schedule K in the

separate instructions), you cannot deduct expenses

incurred in administering property subject to claims on

both the estate tax return and the estate’s income tax

return. If you choose to deduct them on the estate tax

return, you cannot deduct them on a Form 1041 filed for

the estate. Funeral expenses are only deductible on the

estate tax return.

Interest Expense. Interest expenses incurred af

decedent’s death are generally allowed as a ded

they are reasonable, necessary to the administra

the estate, and allowable under local law.

Interest incurred as the result of a Federal est

deficiency is a deductible administrative expens

Penalties are not deductible even if they are allo

under local law.

Note: If you elect to pay the tax in installments u

section 6166, you may not deduct the interest p

the installments.
Item

number

Total from continuation schedules (or additional sheets) attached to this schedule

TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 14.)

Mortgages and Liens—Description A

1

Total from continuation schedules (or additional sheets) attached to this schedule

TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 15.)

(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the sa

(The instructions to Schedule K are in the separate instructions.) Schedule K—
Total from continuation schedules (or additional sheets) attached to this schedule

TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 18.)

Expenses incurred in administering property not subject to

claims (Indicate whether estimated, agreed upon, or paid.)

Item

number A

1

Total from continuation schedules (or additional sheets) attached to this schedule

TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 19.)

(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the sa

Schedule L—Page 26 (The instructions to Schedule L are in the separate inst
1 Did any property pass to the surviving spouse as a result of a qualified disclaimer?

If ‘‘Yes,’’ attach a copy of the written disclaimer required by section 2518(b).

Is the surviving spouse a U.S. citizen?

Election Out of QTIP Treatment of Annuities—Do you elect under section 2056(b)(7)(C)(ii) not to treat as qualified

terminable interest property any joint and survivor annuities that are included in the gross estate and would otherwise

be treated as qualified terminable interest property under section 2056(b)(7)(C)? (see instructions)

Item

number Description of property interests passing to surviving spouse A

1

Total from continuation schedules (or additional sheets) attached to this schedule

Total amount of property interests listed on Schedule M

(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the sa

(See the instructions on the reverse side.)

Schedule M—

In what country was the surviving spouse born?

What is the surviving spouse’s date of birth?

If the surviving spouse is a naturalized citizen, when did the surviving spouse acquire citizenship?

If the surviving spouse is not a U.S. citizen, of what country is the surviving spouse a citizen?

2a

3

b

c

d

e

If less than the entire value of the trust (or other property) that the executor has included in the gross estate is ente

deduction on Schedule M, the executor shall be considered to have made an election only as to a fraction of the trus

property). The numerator of this fraction is equal to the amount of the trust (or other property) deducted on Schedule 

denominator is equal to the total value of the trust (or other property).

4

5a

6

b

c

d

Federal estate taxes payable out of property interests listed on Schedule M

Other death taxes payable out of property interests listed on Schedule M

Add items 5a, b, and c

Net amount of property interests listed on Schedule M (subtract 5d from 4). Also enter on Part 5,

Recapitulation, page 3, at item 20

Federal and state GST taxes payable out of property interests listed on

Schedule M

4

6

5d

5c

5b

5a

Election To Deduct Qualified Domestic Trust Property Under Section 2056A. If a trust meets the requirements of a 

domestic trust under section 2056A(a) and this return is filed no later than 1 year after the time prescribed by law (inc

extensions) for filing the return, and

a. The entire value of a trust or trust property is listed on Schedule M, and

b. The entire value of the trust or trust property is entered as a deduction on Schedule M,

then unless the executor specifically identifies the trust to be excluded from the election, the executor shall be deeme

made an election to have the entire trust treated as qualified domestic trust property.

1

2c

3
Page 28

Instructions for Schedule

M—Bequests, etc., to

Surviving Spouse (Marital

Deduction)

General

The marital deduction is authorized by

section 2056 for certain property

interests that pass from the decedent to

the surviving spouse. You may claim the

deduction only for property interests that

are included in the decedent’s gross

estate (Schedules A through I).

Note: The marital deduction is generally

not allowed if the surviving spouse is not

a U.S. citizen. The marital deduction is

allowed for property passing to such a

surviving spouse in a “qualified domestic

trust” or if such property is transferred or

irrevocably assigned to such a trust

before the estate tax return is filed. The

executor must elect qualified domestic

trust status on this return. See the

instructions that follow, on pages 29–30,

for details on the election.

Property Interests That You May

List on Schedule M

For the rules on common disaster and

survival for a limited period, see section

2056(b)(3).

You may list on Schedule M only

those interests that the surviving spouse

takes:

1. As the decedent’s legatee, devisee,

heir, or donee;

2. As the decedent’s surviving tenant

by the entirety or joint tenant;

3. As an appointee under the

decedent’s exercise of a power or as a

4. As a beneficiary of insurance on the

decedent’s life;

5. As the surviving spouse taking

under dower or curtesy (or similar

statutory interest); and

6. As a transferee of a transfer made

by the decedent at any time.

Property Interests That You May

Not List on Schedule M

1. The value of any property that does

not pass from the decedent to the

surviving spouse;

2. Property interests that are not

included in the decedent’s gross estate;

3. The full value of a property interest

for which a deduction was claimed on

Schedules J through L. The value of the

property interest should be reduced by

the deductions claimed with respect to

it;

4. The full value of a property interest

that passes to the surviving spouse

subject to a mortgage or other

encumbrance or an obligation of the

surviving spouse. Include on 

Schedule M only the net value of the

interest after reducing it by the amount

of the mortgage or other debt;

5. Nondeductible terminable interests

(described below);

6. Any property interest disclaimed by

the surviving spouse.

Terminable Interests

The ownership of a bond, note, or

other contractual obligation, which when

discharged would not have the effect of

an annuity for life or for a term, is not

considered a terminable interest.

Nondeductible terminable interests.

A terminable interest is nondeductible,

and should not be entered on

Schedule M (unless you are making a

QTIP election) if:

property passed from the dec

some other person for less th

adequate and full consideratio

money or money’s worth; and

2. By reason of its passing, 

person or that person’s heirs m

part of the property after the t

of the surviving spouse’s inter

This rule applies even thoug

interest that passes from the 

to a person other than the sur

spouse is not included in the 

estate, and regardless of whe

interest passes. The rule also 

regardless of whether the surv

spouse’s interest and the othe

interest pass from the decede

same time.

For example, a decedent de

property to his wife for life, wi

remainder to his children. The 

interest that passed to the wif

qualify for the marital deductio

it will terminate at her death a

children will thereafter posses

the property.

However, if the decedent pu

joint and survivor annuity for h

his wife who survived him, the 

the survivor’s annuity, to the e

it is included in the gross esta

qualifies for the marital deduc

because even though the inte

terminate on the wife’s death, 

else will possess or enjoy any 

property.

You must complete Schedule M and file

it with the return if you claim a

deduction on item 20 of Part 5,

Recapitulation.

Generally, you may list on Schedule M

all property interests that pass from the

decedent to the surviving spouse and

are included in the gross estate.

However, you should not list any

“Nondeductible terminable interests”

(described below) on Schedule M unless

you are making a QTIP election. The

property for which you make this

election must be included on

Schedule M. See “Qualified terminable

interest property” on the following page.

You should not list on Schedule M:

Certain interests in property passing

from a decedent to a surviving spouse

are referred to as terminable interests.

These are interests that will terminate or

fail after the passage of time, or on the

occurrence or nonoccurrence of some

contingency. Examples are: life estates,

annuities, estates for terms of years,

and patents.

The marital deduction is not 

for an interest that the decede

directed the executor or a trus

convert, after death, into a ter

interest for the surviving spou

marital deduction is not allowe

an interest even if there was n

Property interests that are c

to pass to a person other than 

surviving spouse are any prop

interest that: (a) passes under 

decedent’s will or intestacy; (b

transferred by a decedent dur

(c) is held by or passed on to 

person as a decedent’s joint t

appointee under a decedent’s 

of a power, as taker in default 

decedent’s release or nonexer

power, or as a beneficiary of i

on the decedent’s life.

nonexercise of a power;
may be paid or otherwise satisfied out of

any of a group of assets, the value of

the property interest is, for the entry on

Schedule M, reduced by the value of

any asset or assets that, if passing from

the decedent to the surviving spouse,

would be nondeductible terminable

interests. Examples of property interests

that may be paid or otherwise satisfied

out of any of a group of assets are a

bequest of the residue of the decedent’s

estate, or of a share of the residue, and

a cash legacy payable out of the general

estate.

Example: A decedent bequeathed

$100,000 to the surviving spouse. The

general estate includes a term for years

(valued at $10,000 in determining the

value of the gross estate) in an office

building, which interest was retained by

the decedent under a deed of the

building by gift to a son. Accordingly, the

value of the specific bequest entered on

Schedule M is $90,000.

Life Estate With Power of

Appointment in the Surviving Spouse.

A property interest, whether or not in

trust, will be treated as passing to the

surviving spouse, and will not be treated

as a nondeductible terminable interest if:

(a) the surviving spouse is entitled for

life to all of the income from the entire

interest; (b) the income is payable

annually or at more frequent intervals;

(c) the surviving spouse has the power,

exercisable in favor of the surviving

spouse or the estate of the surviving

spouse, to appoint the entire interest;

(d) the power is exercisable by the

surviving spouse alone and (whether

exercisable by will or during life) is

exercisable by the surviving spouse in all

events; and (e) no part of the entire

interest is subject to a power in any

other person to appoint any part to any

person other than the surviving spouse

(or the surviving spouse’s legal

representative or relative if the surviving

spouse is disabled. See Rev. Rul. 85-35,

1985-1 C.B. 328). If these five conditions

are satisfied only for a specific portion of

the entire interest, see the section

2056(b) regulations to determine the

amount of the marital deduction.

Life Insurance, Endowment, or Annuity

Payments, With Power of Appointment

in Surviving Spouse. A property interest

consisting of the entire proceeds under

Charitable Remainder Trusts. An

interest in a charitable remainder trust

will not be treated as a nondeductible

terminable interest if:

1. The interest in the trust passes from

the decedent to the surviving spouse;

and

2. The surviving spouse is the only

beneficiary of the trust other than

charitable organizations described in

section 170(c).

A “charitable remainder trust” is either

a charitable remainder annuity trust or a

charitable remainder unitrust. (See

section 664 for descriptions of these

trusts.)

Election To Deduct Qualified

Terminable Interests (QTIP)

If you file a Form 706 in which you do

not make this election, you may not file

an amended return to make the election

property interests that are not 

in the decedent’s gross estate

Qualified terminable intere

property is property (a) that p

from the decedent, and (b) in 

surviving spouse has a qualify

interest for life.

The surviving spouse has a 

income interest for life if the s

spouse is entitled to all of the 

from the property payable ann

more frequent intervals, or has 

usufruct interest for life in the 

and during the surviving spou

lifetime no person has a powe

appoint any part of the proper

person other than the survivin

An annuity is treated as an inc

interest regardless of whether 

property from which the annu

payable can be separately ide

The QTIP election may be m

or any part of qualified termin

interest property. A partial elec

relate to a fractional or percen

of the property so that the ele

will reflect its proportionate sh

increase or decline in the who

property when applying sectio

2519. Thus, if the interest of t

surviving spouse in a trust (or 

property in which the spouse 

qualified life estate) is qualified

terminable interest property, y

make an election for a part of 

(or other property) only if the e

relates to a defined fraction o

percentage of the entire trust 

property). The fraction or perc

may be defined by means of a 

Qualified Domestic Trust 

(QDOT)

The marital deduction is allow

transfers to a surviving spouse 

not a U.S. citizen only if the p

passes to the surviving spous

“qualified domestic trust” (QD

You may elect to claim a marital

deduction for qualified terminable

interest property or property interests.

You make the QTIP election simply by

listing the qualified terminable interest

property on Schedule M and deducting

its value. You are presumed to have

made the QTIP election if you list the

property and deduct its value on

Schedule M. If you make this election,

the surviving spouse’s gross estate will

include the value of the “qualified

terminable interest property.” See the

instructions for line 6 of Part 4, General

Information, for more details. The

election is irrevocable.

beginning not later than 13 months after

the decedent’s death; (c) the surviving

spouse has the power, exercisable in

favor of the surviving spouse or of the

estate of the surviving spouse, to

appoint all amounts payable under the

contract; (d) the power is exercisable by

the surviving spouse alone and (whether

exercisable by will or during life) is

exercisable by the surviving spouse in all

events; and (e) no part of the amount

payable under the contract is subject to

a power in any other person to appoint

any part to any person other than the

surviving spouse. If these five conditions

are satisfied only for a specific portion of

the proceeds, see the section 2056(b)

regulations to determine the amount of

the marital deduction.

Amendments to Regulations 

20.2044-1, 20.2056(b)-7 and

20.2056(b)-10 clarify that an in

property is eligible for QTIP tre

the income interest is conting

the executor’s election even if 

portion of the property for wh

election is made will pass to o

benefit of beneficiaries other t

surviving spouse.
Page 30

The determination of whether a trust

qualifies as a QDOT will be made as of

the date the decedent’s Form 706 is

filed. If, however, judicial proceedings

are brought before the Form 706’s due

Line 3

The executor can elect out of QTIP

treatment, however, by checking the

“Yes” box on line 3. Once made, the

election is irrevocable. If there is more

than one such joint and survivor annuity,

you are not required to make the

election for all of them.

If you make the election out of QTIP

treatment by checking “Yes” on line 3,

you cannot deduct the amount of the

annuity on Schedule M. If you do not

make the election out, you must list 

the joint and survivor annuities on

Schedule M.

Listing Property Interests on

Schedule M

● The value of all property tha

included in the decedent’s gro

(Schedules A through I) but is 

of the decedent’s probate esta

as lifetime transfers, jointly ow

property that passed to the su

decedent’s death, and the ins

payable to specific beneficiari

● The values of all specific an

legacies or devises, with refer

applicable clause or paragrap

decedent’s will or codicil. (If le

made to each member of a cl

example, $1,000 to each of d

employees, only the number i

class and the total value of pr

received by them need be fur

● The date of birth of all pers

length of whose lives may affe

value of the residuary interest 

the surviving spouse.

● Any other important informa

as that relating to any claim to 

of the estate not arising under 

Lines 5a, b, and c—The total 

values listed on Schedule M m

reduced by the amount of the 

estate tax, the Federal GST ta

amount of state or other deat

taxes paid out of the property 

involved. If you enter an amou

state or other death or GST ta

lines 5b or 5c, identify the tax

attach your computation of th

Attachments. If you list prope

interests passing by the deced

on Schedule M, attach a certi

of the order admitting the will 

probate. If, when you file the r

court of probate jurisdiction h

any decree interpreting the wi

its provisions affecting any of 

interests listed on Schedule M

entered any order of distributi

a copy of the decree or order. 

addition, the IRS may request 

evidence to support the marit

deduction claimed.

withhold from the distribution the tax

imposed on the QDOT;

3. That meets the requirements of any

applicable regulations; and

4. For which the executor has made

an election on the estate tax return of

the decedent.

You make the QDOT election simply

by listing the qualified domestic trust or

the entire value of the trust property on

Schedule M and deducting its value. You

are presumed to have made the QDOT

election if you list the trust or trust

property and deduct its value on

Schedule M. Once made, the election

is irrevocable.

If an election is made to deduct

qualified domestic trust property under

section 2056A(d), the following

information should be provided for each

qualified domestic trust on an

attachment to this schedule:

Section 2056(b)(7) creates an automatic

QTIP election for certain joint and

survivor annuities that are includible in

the estate under section 2039. To

qualify, only the surviving spouse can

have the right to receive payments

before the death of the surviving spouse.

List each property interest included in

the gross estate that passes from the

decedent to the surviving spouse and

for which a marital deduction is claimed.

This includes otherwise nondeductible

terminable interest property for which

you are making a QTIP election. Number

each item in sequence and describe

each item in detail. Describe the

instrument (including any clause or

paragraph number) or provision of law

under which each item passed to the

surviving spouse. If possible, show

where each item appears (number and

schedule) on Schedules A through I.

In listing otherwise nondeductible

property for which you are making a

QTIP election, unless you specifically

identify a fractional portion of the trust

or other property as not subject to the

election, the election will be considered

made for all of the trust or other

property.

1. The name and address of every

trustee;

2. A description of each transfer

passing from the decedent that is the

source of the property to be placed in

trust; and

3. The employer identification number

(EIN) for the trust.

The election must be made for an

entire QDOT trust. In listing a trust for

which you are making a QDOT election,

unless you specifically identify the trust

as not subject to the election, the

election will be considered made for the

entire trust.

Note: For trusts created by an

instrument executed before November 5,

1990, paragraphs 1 and 2 above will be

treated as met if the trust instrument

requires that all trustees be individuals

who are citizens of the United States or

domestic corporations.
If Yes, full details must be submitted with this schedule.

2 Did any property pass to charity as the result of a qualified disclaimer?

If ‘‘Yes,’’ attach a copy of the written disclaimer required by section 2518(b).

Item

number Name and address of beneficiary Character of institution A

1

Total from continuation schedules (or additional sheets) attached to this schedule

3 Total 3

4a Federal estate tax payable out of property interests listed above 4a

b Other death taxes payable out of property interests listed above 4b

c Federal and state GST taxes payable out of property interests listed above 4c

d Add items 4a, b, and c 4d

5

Net value of property interests listed above (subtract 4d from 3). Also enter on Part 5, Recapitulation,

page 3, at item 21

5

(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the sa

(The instructions to Schedule O are in the separate instructions.)

Schedule O—
imposed in

(Name of country)

Credit is computed under the

(Insert title of treaty or “statute”)

Citizenship (nationality) of decedent at time of death

(All amounts and values must be entered in United States money.)

Total of estate, inheritance, legacy, and succession taxes imposed in the country named above attributable to

property situated in that country, subjected to these taxes, and included in the gross estate (as defined by statute)

1

2 Value of the gross estate (adjusted, if necessary, according to the instructions for item 2)

Value of property situated in that country, subjected to death taxes imposed in that country, and included in the

gross estate (adjusted, if necessary, according to the instructions for item 3)

3

Tax imposed by section 2001 reduced by the total credits claimed under sections 2010, 2011, and 2012 (see

instructions)

4

Amount of Federal estate tax attributable to property specified at item 3. (Divide item 3 by item 2 and multiply the

result by item 4.)

5

Credit for death taxes imposed in the country named above (the smaller of item 1 or item 5). Also enter on line 16

of Part 2, Tax Computation

6

SCHEDULE Q—Credit for Tax on Prior Transfers

Part 1—Transferor Information

IRS office where estate

tax return was filed Name of transferor Social security number Date o

A

B

C

if section 2013(f) (special valuation of farm, etc., real property) adjustments to the computation of the credit wer

page 21 of the instructions).

Check here 

Part 2—Computation of Credit (see instructions beginning on page 20)

Transferor T

A, B

Item

A B C

1 Transferee’s tax as apportioned (from worksheet,

(line 7  line 8) line 35 for each column)

2 Transferor’s tax (from each column of worksheet,

line 20)

3 Maximum amount before percentage requirement

(for each column, enter amount from line 1 or 2,

whichever is smaller)

4 Percentage allowed (each column) (see instructions) % % %

5 Credit allowable (line 3 line 4 for each column)

TOTAL credit allowable (add columns A, B, and C

of line 5). Enter here and on line 17 of Part 2,

Tax Computation

6

Schedules P and Q—Page 32 (The instructions to Schedules P and Q are in the separate 

1

2

3

4

5

6
list qualifying property in Part 1, line 9, below, you will be considered to have made this election.

See page 23 of the separate instructions for details.

1 Maximum allowable GST exemption 1

2 2 Total GST exemption allocated by the decedent against decedent’s lifetime transfers

3

Total GST exemption allocated by the executor, using Form 709, against decedent’s lifetime

transfers

3

4 GST exemption allocated on line 6 of Schedule R, Part 2 4

5 GST exemption allocated on line 6 of Schedule R, Part 3 5

6 Total GST exemption allocated on line 4 of Schedule(s) R-1 6

7 Total GST exemption allocated to intervivos transfers and direct skips (add lines 2–6) 7

8

GST exemption available to allocate to trusts and section 2032A interests (subtract line 7 from

line 1)

8

9 Allocation of GST exemption to trusts (as defined for GST tax purposes):

A B C D E

Trust’s inc

ratio (option

instructio

Additional GST

exemption allocated

(see instructions)

GST exemption

allocated on lines 2–6,

above (see instructions)

Trust’s

EIN (if any)

Name of trust

9D Total. May not exceed line 8, above 9D

10 GST exemption allocated to section 2032A interests received by individual beneficiaries (subtract

line 9D from line 8). You must attach special use allocation schedule (see instructions) 10

(The instructions to Schedule R are in the separate instructions.) Schedule R—
1 Total estate tax values of all property interests listed above 1

2 Estate taxes, state death taxes, and other charges borne by the property interests listed above 2

GST taxes borne by the property interests listed above but imposed on direct skips other than

those shown on this Part 2 (see instructions)

3

3

4 Total fixed taxes and other charges (add lines 2 and 3) 4

5 Total tentative maximum direct skips (subtract line 4 from line 1) 5

6 GST exemption allocated 6

7 Subtract line 6 from line 5 7

8 GST tax due (divide line 7 by 3.040817) 8

9 Enter the amount from line 8 of Schedule R, Part 3 9

Total GST taxes payable by the estate (add lines 8 and 9). Enter here and on line 20 of

Part 2—Tax Computation, on page 1

10

10

Schedule R—Page 34
1 Total estate tax values of all property interests listed above 1

2 Estate taxes, state death taxes, and other charges borne by the property interests listed above 2

GST taxes borne by the property interests listed above but imposed on direct skips other than

those shown on this Part 3 (see instructions)

3

3

4 Total fixed taxes and other charges (add lines 2 and 3) 4

5 Total tentative maximum direct skips (subtract line 4 from line 1) 5

6 GST exemption allocated 6

7 Subtract line 6 from line 5 7

8 GST tax due (multiply line 7 by .49). Enter here and on Schedule R, Part 2, line 9 8

Schedule R—
City, state, and ZIP code Name of executor

Address of executor (number and street) City, state, and ZIP code

Date of decedent’s death Filing due date of Schedule R, Form 706 (with extensions)

Part 1—Computation of the GST Tax on the Direct Skip

Description of property interests subject to the direct skip Estate t

1 1 Total estate tax value of all property interests listed above

2 Estate taxes, state death taxes, and other charges borne by the property interests listed above 2

3 3 Tentative maximum direct skip from trust (subtract line 2 from line 1)

4 GST exemption allocated 4

5 Subtract line 4 from line 3 5

GST tax due from fiduciary (divide line 5 by 3.040817) (See instructions if property will not

bear the GST tax.)

6

6

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowle

it is true, correct, and complete.

Signature(s) of executor(s)

Signature of fiduciary or officer representing fiduciary Date

Schedule R-1 (Form 706)—Page 36

Date

Date
Schedule R-1 (Form 706)—

How to pay You can pay by check or money order.

● Make it payable to the “United States Treasury.”

● Make the check or money order for the amount on line 6 of Schedule R-1.

● Write “GST Tax” and the trust’s EIN on the check or money order.

Signature You must sign the Schedule R-1 in the space provided.

What to mail Mail your check or money order and the copy of Schedule R-1 that you signed.

Where to mail Mail to the Service Center shown on Schedule R-1.

When to pay The GST tax is due and payable 9 months after the decedent’s date of death (shown 

Schedule R-1). You will owe interest on any GST tax not paid by that date.

Automatic

extension

You have an automatic extension of time to file Schedule R-1 and pay the GST tax. T

automatic extension allows you to file and pay by 2 months after the due date (with

extensions) for filing the decedent’s Schedule R (shown on the Schedule R-1).

If you pay the GST tax under the automatic extension, you will be charged interest 

penalties).

Additional

information

For more information, see Code section 2603(a)(2) and the instructions for Form 706, 

States Estate (and Generation-Skipping Transfer) Tax Return.
1

2

3

4

Schedule T (Form 706)—

Part 2—General Qualifications

Did the decedent and/or a member of the decedent’s family own the business interests listed on line 5

of this schedule for at least 5 of the 8 years immediately preceding the date of the decedent’s death?

Were there any periods during the 8-year period preceding the date of the decedent’s death during which the

decedent or a member of his or her family:

Did not own the business interests listed on this schedule?

Did not materially participate, within the meaning of section 2032A(e)(6), in the operation of the business to

which such interests relate?

If “Yes” to either of the above, you must attach a statement listing the periods. If applicable, describe whether th

exceptions of sections 2032A(b)(4) or (5) are met.

Check the applicable box(es). The qualified family-owned business interest(s) is:

An interest as a proprietor in a trade or business carried on as a proprietorship.

An interest in an entity, at least 50% of which is owned (directly or indirectly) by the decedent and members 

decedent’s family.

An interest in an entity, at least 70% of which is owned (directly or indirectly) by members of 2 families and a

30% of which is owned (directly or indirectly) by the decedent and members of the decedent’s family.

An interest in an entity, at least 90% of which is owned (directly or indirectly) by members of 3 families and a

30% of which is owned (directly or indirectly) by the decedent and members of the decedent’s family.

Persons holding interests. Enter the requested information for each party who received any interest in the family

business. If any qualified heir is not a U.S. citizen, see the line 4 instructions on page 26 of the separate instruct

(Each of the qualified heirs receiving an interest in the business must sign the agreement that begins on th

following page 40, and the agreement must be filed with this return.)

Name

Identifying number

Ye

a

b

Attach affidavits describing the activities constituting material participation and the identity and relationsh

decedent of the material participants.

A

B

C

D

E

F

G

H

A

B

C

D

E

F

G

H

Relationship to decedent Value of interest

Address
6 6

7

8a

7

b

9

c

10

8a

11

12

Schedule T—

Total reported value

Amount of claims or mortgages deductible under section

2053(a)(3) or (4) (see separate instructions)

Enter the amount of any indebtedness

on qualified residence of the decedent

(see separate instructions)

Enter the amount of any indebtedness

used for educational or medical

expenses (see separate instructions)

Enter the amount of any indebtedness

other than that listed on line 8a or 8b,

but do not enter more than $10,000

(see separate instructions)

Total (add lines 8a through 8c)

Subtract line 8d from line 7

Adjusted value of qualified family-owned business interests (subtract line 9 from line 6)

Includible gifts of qualified family-owned business interests (see separate instructions):

Amount of gifts taken into account under section 2001(b)(1)(B)

Amount of such gifts excluded under section 2503(b)

Add lines 11a and 11b

Add lines 10 and 11c

Amount of gross estate

Enter the amount from line 7

Subtract line 13b from line 13a

Enter the amount from line 11c

Enter the amount of transfers, if any,

to the decedent’s spouse (see inst.)

Enter the amount of other gifts (see inst.)

Add the amounts on lines 13d, 13e,

and 13f

Enter any amounts from line 13g that

are otherwise includible in the gross

estate

Subtract line 13h from line 13g

Adjusted gross estate (add lines 13c and 13i)

Enter one-half of the amount on line 13j

Note: If line 12 does not exceed line 14, stop here; the estate does not qualify for the deduction.

Otherwise, complete line 15.

Net value of qualified family-owned business interests you elect to deduct (line 10 reduced

by any marital or other deductions)—DO NOT enter more than $675,000—(see instructions)

(attach schedule)—enter here and on Part 5, Recapitulation, page 3, at item 22

8d

8b

8c

Part 4—Qualifying Estate

11a

11b

11c

13a

13b

13c

13d

13e

13f

13g

13h

13i

13j

15

14

d

9

10

12

13

a

b

c

d

e

a

b

c

f

g

h

i

j

14

15

Adjusted gross estate (see separate

instructions):
Schedule T, Part 5—Page 40

being all the qualified heirs and

being all other parties having interests in the business(es) which are deducted under section 2057 of the Internal Reven

do hereby approve of the election made by

Executor/Administrator of the estate of

pursuant to section 2057 to deduct said interests from the gross estate and do hereby enter into this agreement pu

section 2057(h).

The undersigned agree and consent to the application of subsection (f) of section 2057 of the Code with respect to all the 

family-owned business interests deducted on Schedule T of Form 706, attached to this agreement. More specif

undersigned heirs expressly agree and consent to personal liability under subsection (c) of 2032A (as made applicable b

2057(i)(3)(F) of the Code) for the additional estate tax imposed by that subsection with respect to their respective intere

above-described business interests in the event of certain early dispositions of the interests or the occurrence of a

disqualifying acts described in section 2057(f)(1) of the Code. It is understood that if a qualified heir disposes of any 

interest to any member of his or her family, such member may thereafter be treated as the qualified heir with respec

interest upon filing a new agreement and any other form required by the Internal Revenue Service.

The undersigned interested parties who are not qualified heirs consent to the collection of any additional estate tax 

under section 2057(f) of the Code from the deducted interests.

If there is a disposition of any interest which passes or has passed to him or her, each of the undersigned heirs agre

the appropriate form and pay any additional estate tax due within 6 months of the disposition or other disqualifying ac

It is understood by all interested parties that this agreement is a condition precedent to the election of the qualified fam

business deduction under section 2057 of the Code and must be executed by every interested party even though th

may not have received the estate tax benefits or be in possession of such property.

Each of the undersigned understands that by making this election, a lien will be created and recorded pursuant to secti

of the Code on the interests referred to in this agreement for the applicable percentage of the adjusted tax differen

respect to the estate as defined in section 2057(f)(2)(C).

As the interested parties, the undersigned designate the following individual as their agent for all dealings with the Interna

Service concerning the continued qualification of the deducted property under section 2057 of the Code and on all issues 

the special lien under section 6324B. The agent is authorized to act for all the parties with respect to all dealings with th

on matters affecting the qualified interests described earlier. This authority includes the following:

● To receive confidential information on all matters relating to continued qualification under section 2057 of the deducted 

and on all matters relating to the special lien arising under section 6324B.

● To furnish the Service with any requested information concerning the interests.

● To notify the Service of any disposition or other disqualifying events specified in section 2057(f)(1) of the Code.

● To receive, but not to endorse and collect, checks in payment of any refund of Internal Revenue taxes, penalties, or 

● To execute waivers (including offers of waivers) of restrictions on assessment or collection of deficiencies in tax an

of notice of disallowance of a claim for credit or refund.

● To execute closing agreements under section 7121.

(continued on 
Schedule T, Part 5—

Name of Agent

The interests to which this agreement relates are listed in Form 706, United States Estate (and Generation-Skipping Tr

Return, along with their fair market value according to section 2031 (or, if applicable, section 2032A) of the Code. The 

address, social security number, and interest (including the value) of each of the undersigned in this business(es) are a

in the attached Schedule T.

IN WITNESS WHEREOF, the undersigned have hereunto set their hands at

this day of .

SIGNATURES OF EACH OF THE QUALIFIED HEIRS:

Signature of qualified heir

Signature(s) of other interested parties

Signature Address

Signature of qualified heir

Signature of qualified heir Signature of qualified heir

Signature of qualified heir Signature of qualified heir

Signature of qualified heir Signature of qualified heir

Signature of qualified heir Signature of qualified heir

Signature of qualified heir Signature of qualified heir

Signature(s) of other interested parties
4

Schedule U—Page 42

Estate tax value of the land subject to the qualified conservation easement (see separate

instructions)

Deduction under section 2055(f) for the conservation easement (see

separate instructions)

Amount of indebtedness on the land (see separate instructions)

Net value of land (subtract line 17 from line 4)

Value of qualified conservation easement for which the exclusion is

being claimed (see instructions)

Multiply line 12 by 2

Divide line 10 by line 8. Figure to 3 decimal places (e.g., .123)

Subtract line 11 from .300. Enter the answer in hundredths by rounding

any thousandths up to the next higher hundredth (i.e., .030 = .03; but

.031 = .04)

Multiply line 18 by line 14

Subtract line 13 from .40

Enter the smaller of line 19 or the exclusion limitation (see instructions). Also enter this amount

on item 11, Part 5, Recapitulation, Page 3

Part 3—Computation of Exclusion

10

11

12

6

14

15

16

5

13

7

8

9

17

1Describe the land subject to the qualified conservation easement (see separate instructions)

2 Did the decedent or a member of the decedent’s family own the land described above during the 3-year

period ending on the date of the decedent’s death? Ye

3 Describe the conservation easement with regard to which the exclusion is being claimed (see separate instructio

6

5

7

10

11

4

13

14

15

16

17

Value of retained development rights on the land (see instructions)

Subtract line 7 from line 6

18

19

20

8

9

12

18

19

20

Date of death value of any easements granted prior to decedent’s

death and included on line 10 below (see instructions)

Add lines 4 and 5

Multiply line 8 by 30% (.30)

Note: If line 10 is less than line 9, continue with line 11. If line 10 is

equal to or more than line 9, skip lines 11 through 13, enter “.40”

on line 14, and complete the schedule.

If line 11 is equal to or less than .100, stop here; the estate does

not qualify for the conservation easement exclusion.

Total reductions in value (add lines 7, 15, and 16)
TOTAL. (Carry forward to main schedule.)

Continuation Schedule—

See the instructions on the reverse side.
Continuation Schedule—Page 44

● Use a separate Continuation Schedule for each main schedule you are continuing. 

combine assets or deductions from different schedules on one Continuation Schedul

● Make copies of the blank schedule before completing it if you expect to need more 

one.

● Use as many Continuation Schedules as needed to list all the assets or deductions

● Enter the letter of the schedule you are continuing in the space at the top of the

Continuation Schedule.

● Use the Unit value column only if continuing Schedule B, E, or G. For all other sche

use this space to continue the description.

● Carry the total from the Continuation Schedules forward to the appropriate line on 

schedule.

If continuing Report Where on Continu

Schedule

Schedule E, Pt. 2 Percentage includible Alternate valuation da

Schedule K Amount unpaid to date Alternate valuation da

Schedule K Amount in contest Alternate value

Schedules J, L, M Description of deduction

continuation

Alternate valuation da

Alternate value

Schedule O Character of institution Alternate valuation da

Alternate value

Schedule O Amount of each deduction Amount deductible