Form 706me - Maine Estate Tax Worksheets - 2010 (Page 3 of 4) in pdf

MAINE ESTATE TAX

FORM 706ME

WORKSHEET

Credit for Estate Tax Paid to Other Jurisdictions

by Resident Estates

Enclose this worksheet with Form 706ME.

You must enclose a copy of the estate tax return ﬁ led with the other jurisdiction.

For purposes of this credit, the term “estate tax paid to other jurisdictions” means constitutionally valid

estate, inheritance, legacy or succession taxes paid to another state (or equivalent jurisdiction).

This credit may be claimed if all of the following apply:

- the Maine estate tax return is for a resident decedent (the “Resident” box must be checked in

Step 3 of Form 706ME);

- the estate tax paid the other jurisdiction is with respect to the value of real or tangible personal

property located in that jurisdiction and held in a pass-through entity (trust, LLC, etc.);

- the value of the real or tangible personal property is included in the value of the decedent’s

intangible personal property subject to the Maine estate tax and not included in a Maine QTIP,

and

- the other jurisdiction to which the tax is paid is a state of the United States, the District of

Columbia, a possession or territory of the United States, a Canadian province or other political

subdivision of a foreign country analogous to a state of the United States.

WORKSHEET

1. Value of real or tangible personal property eligible for this credit and upon

which an estate tax was paid to the other jurisdiction. ......................................................... 1._______________________

2. Value of decedent’s Maine gross estate less Maine QTIP.

(Form 706ME, line 11 minus line 9) ................................................................................... 2._______________________

3. Divide line 1 by line 2. Calculate this amount to 6 decimal places ...................................... 3.___.___ ___ ___ ___ ___ ___

4. Maine estate tax. ( Form 706ME, line 15)............................................................................. 4._______________________

5. Multiply line 4 by line 3.......................................................................................................... 5._______________________

6. Enter the amount of estate tax paid the other jurisdiction on the real or tangible

personal property eligible for this credit. Name of the other jurisdiction ____________.... 6._______________________

7. Enter line 5 or line 6, whichever is less. Also enter this amount on Form706ME, line 18.... 7._______________________

You must enclose a copy of the estate tax return ﬁ led with the other jurisdiction.

Special instructions for claiming credit for estate tax paid to more than one other jurisdiction: Credit for each jurisdiction

must be computed separately. Use a separate worksheet for each one. Print the name of the other jurisdiction in the space provided

on line 6. Add the line 7 results together for all worksheets and enter the total on Form 706ME, line 18. Attach a copy of each

worksheet to the Maine estate tax return. Include, on Form 706ME, Line 2, the value of property held in a pass-through entity

that is taxed by the other jurisdiction.

REV 09/10

Form 706me - Maine Estate Tax Worksheets - 2010 Page 3

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