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EPS Filename: 55218y01

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ATTACHMENT TO LARRY'S SCHEDULE A:

Description: Real Property located at 1234 South Avenue, City, State.

Date Decedent Acquired Property:

12/10/2007

Adjusted basis at decedent's death:

$425,000

FMV at decedent's death:

$967,000

General Basis Increase allocated by executor:

$542,000

Spousal Property Basis Increase allocated by executor:

Section 7520 Rate for October 2010:

2.0%

Life Tenant's (Larry) Age:

Life Estate Factor (from Table S of §20.2031-7(d)):

0.45045

Computation of Actuarial Interest

Adjusted Basis:

$425,000 X 0.45045 =

$191,441

FMV:

$967,000 X 0.45045 =

$435,585

General Basis Increase:

$542,000 X 0.45045 =

$244,144

Spousal Property Basis Increase:

$0 X 0.45045 =

LARRY'S SCHEDULE A: Line 4

(a)

(b)

(c)

(d)

(e)*

(f)

Description

Date decedent

Adjusted basis

FMV at death

Allocation of basis increase

Amount of gain

that would be

of property

acquired

at death

Item

ordinary income

property

(i)

(ii)

No.

General basis

Spousal property

increase

basis increase

Life interest in real property located at 1234 South Avenue,

12/10/2007

$191,441

$435,585

$244,144

City, State

Line 2a—Name and Address of

person named on line 2a. The following

oriental rugs, coin or stamp collections)

guidelines can be used in describing the

received by the person listed on line 2a in

Recipient

property.

enough detail so that such property could

Enter the name and address of the

•

be easily identified by its description.

Real property. Describe the real estate

recipient of the property acquired from the

in enough detail so that the property could

decedent reported on this Schedule A.

Column (b). Date Decedent Acquired

be easily located.

the Property. For each item of property,

Line 2b—Recipient’s Taxpayer

1. For each parcel of real estate,

enter the date the decedent acquired the

Identification Number

report the area.

property. If the actual date of acquisition

2. For city or town property, report the

If the person named in line 2a is an

is not known, and cannot be determined

street and number, ward, subdivision,

individual, enter the SSN or ITIN, as

after reasonable inquiry, enter the

block and lot, etc.

applicable, of that individual. If the person

approximate date of acquisition and write

named in line 2a is a corporation,

3. For rural property, report the

“approximate” after the date.

partnership, trust, estate, or other entity,

township, range, landmarks, etc.

•

enter the entity’s employer identification

Column (c). Adjusted Basis at Death.

Stocks. For stocks, list:

number (EIN).

For each item of property, enter the

1. The number of shares;

adjusted basis of the property as of the

Line 3—Property Acquired

2. The exact name of corporation; and

date of the decedent’s death. See

from the Decedent with

3. The principal exchange upon which

Decedent’s Adjusted Basis, earlier, for

sold, if listed on an exchange.

Adjusted Basis Greater Than or

more details.

•

Bonds. For bonds, list:

Equal to FMV

Column (d). FMV at Death. For each

1. The quantity and denomination;

List each item of property (other than

item of property, enter the FMV of the

2. The name of obligor;

cash) acquired from the decedent by the

property as of the date of the decedent’s

3. Date of maturity;

person listed on line 2a the basis of which

death. See Fair Market Value (FMV),

at the time of death is greater than or

4. Interest rate;

earlier, for more information.

equal to its FMV at the date of death.

5. Interest due date; and

Number each item of property in the

6. The principal exchange, if listed on

Column (e). Ordinary Gain. For each

left-hand column.

an exchange.

item of property, enter the maximum

•

Column (a). Description of the

Tangible personal property. Accurately

amount of gain, if any, that would be

Property. For each item of property

describe any tangible personal property

ordinary. Attach a statement detailing how

acquired from the decedent, accurately

(for example, works of art, jewelry, furs,

you figured the amount of gain that would

describe the property received by the

silverware, books, statuary, vases,

be ordinary.

-7-

Instructions For Form 8939 - Allocation Of Increase In Basis For Property Acquired From A Decedent - 2010 Page 8

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