Form M706r - Recapture Tax Return - Minnesota Department Of Revenue
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4Near final 9/13/13
Recapture Tax Return
M706R
To be completed by the executor or qualified heir of the estate that are required to pay recapture tax relating to the
qualified small business property and farm property deductions
Check box if this is an amended return
Decedent’s first name, middle initial
Last name
Decedent’s Social Security number
Last home address (street, apartment, route)
Date of death
City
State
Zip code
Minnesota probate county and file number
Executor’s or Heir’s first name, middle initial
Last name
Executor’s or Heir’s Social Security number
Name of firm (if applicable)
Executor’s or Heir’s phone
Address (street, apartment, route)
City
State
Zip code
Round amounts to the
nearest whole dollar.
1 Total amount of the qualified small business property or qualified farm property deductions
(from M706 part 7, line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2 Minnesota recapture tax (multiply line 1 by 16%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Penalties (determine from instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Interest, if any, from:
to:
(determine from instructions) . . . . . . . . 4
5 Add lines 2, 3 and 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Total payments, including any extension payments, made prior to filing this return . . . . . . . . . . . . . . . . 6
7 AMOUNT DUE. If line 5 is more than line 6, subtract line 6 from line 5. . . . . . . . . . . . . . . . . . . . . . . . . . 7
check
, or
electronic
Check payment method:
(attach payment voucher)
8 REFUND. If line 6 is more than line 5, subtract line 5 from line 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9 To have your refund direct deposited, enter the following. Otherwise, you will receive a check.
Account type:
Routing number
Account number
(must be an account not associated with any foreign bank)
Checking
Savings
I declare that this return is correct and complete to the best of my knowledge and belief.
Signature of executor or heir
Date
I have appointed a power of attorney
on the back of this form.
Signature of executor or heir
Date
Signature of executor or heir
Date
Signature of preparer, other than executor or heir
PTIN
Date
Daytime phone
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