Instructions For Form 706 - United States Estate (And Generation-Skipping Transfer) Tax Return
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55Instructions for Form 706
Department of the Treasury
Internal Revenue Service
(Rev. August 2017)
For decedents dying after December 31, 2016
United States Estate (and Generation-Skipping Transfer) Tax Return
Contents
Page
Contents
Page
Section references are to the Internal Revenue
Code unless otherwise noted.
Part 2—Tax Computation . . . . . .
6
Index . . . . . . . . . . . . . . . . . . . . .
53
Prior Revisions of Form 706
Part 3—Elections by the
Checklist . . . . . . . . . . . . . . . . . . .
54
Executor . . . . . . . . . . . . . .
10
Future Developments
Part 4—General Information . . .
16
For Decedents Dying
Use
Part 5—Recapitulation . . . . . . .
17
Revision of
For the latest information about
Part 6—Portability of
Form 706
developments related to Form 706 and
Deceased Spousal
After
and Before
Dated
Unused Exclusion
its instructions, such as legislation
December 31,
January 1,
July 1999
(DSUE) . . . . . . . . . . . . . . .
18
enacted after they were published, go to
1998
2001
Schedule A—Real Estate . . . . .
20
IRS.gov/Form706.
December 31,
January 1,
November
Schedule A-1—Section
2000
2002
2001
2032A Valuation . . . . . . . . .
20
December 31,
January 1,
August
Schedule B—Stocks and
What's New
2001
2003
2002
Bonds . . . . . . . . . . . . . . . .
22
December 31,
January 1,
August
Schedule C—Mortgages,
2002
2004
2003
Various dollar amounts and limitations
Notes, and Cash . . . . . . . . .
24
December 31,
January 1,
August
in the Form 706 are indexed for inflation.
Schedule D—Insurance on
2003
2005
2004
For decedents dying in 2017, the
the Decedent's Life . . . . . . .
25
December 31,
January 1,
August
following amounts are applicable.
2004
2006
2005
Schedule E—Jointly Owned
The basic exclusion amount is
December 31,
January 1,
October
Property . . . . . . . . . . . . . .
25
$5,490,000.
2005
2007
2006
Schedule F—Other
The ceiling on special-use valuation
December 31,
January 1,
September
Miscellaneous Property . . . .
26
is $1,120,000.
2006
2008
2007
Decedent Who Was a
December 31,
January 1,
August
The amount used in figuring the 2%
Surviving Spouse . . . . . . . .
27
2007
2009
2008
portion of estate tax payable in
Schedule G—Transfers
December 31,
January 1,
September
During Decedent's Life . . . . .
27
installments is $1,490,000.
2008
2010
2009
Schedule H—Powers of
The IRS will publish amounts for future
December 31,
January 1,
July 2011
Appointment . . . . . . . . . . .
29
2009
2011
years in annual revenue procedures.
Schedule I—Annuities . . . . . . .
30
December 31,
January 1,
August
Schedule J—Funeral
Same-sex marriages. For federal tax
2010
2012
2011
Expenses and Expenses
purposes, marriages of couples of the
December 31,
January 1,
August
Incurred in Administering
same sex are treated the same as
2011
2013
2012
Property Subject to
December 31,
January 1,
August
marriages of couples of the opposite
Claims . . . . . . . . . . . . . . .
32
2012
2017
2013
sex. The term “spouse” includes an
Schedule K—Debts of the
December 31,
January 1,
August
individual married to a person of the
Decedent and Mortgages
2016
2018
2017
same sex. However, individuals who
and Liens . . . . . . . . . . . . .
33
have entered into a registered domestic
Schedule L—Net Losses
Contents
Page
During Administration
partnership, civil union, or other similar
and Expenses Incurred in
relationship that isn’t considered a
Reminders . . . . . . . . . . . . . . . . . . .
2
Administering Property
marriage under state law aren’t
General Instructions . . . . . . . . . . . . .
2
Not Subject to Claims . . . . . .
34
considered married for federal tax
Purpose of Form . . . . . . . . . . . .
2
Schedule M—Bequests,
purposes.
Which Estates Must File . . . . . . .
2
etc., to Surviving Spouse
(Marital Deduction) . . . . . . .
35
Executor . . . . . . . . . . . . . . . . .
3
Restored Exclusion and GST
Schedule O—Charitable,
When to File . . . . . . . . . . . . . . .
3
exemption amounts. If a decedent
Public, and Similar Gifts
Where to File . . . . . . . . . . . . . .
3
made a taxable gift during the
and Bequests . . . . . . . . . . .
38
Paying the Tax . . . . . . . . . . . . .
3
decedent's lifetime to the decedent's
Schedule P—Credit for
Signature and Verification . . . . . .
4
same-sex spouse and that transfer
Foreign Death Taxes . . . . . .
39
Amending Form 706 . . . . . . . . .
4
resulted in a reduction of the decedent's
Schedule Q—Credit for Tax
Supplemental Documents . . . . . .
4
available applicable exclusion amount,
on Prior Transfers . . . . . . . .
40
Rounding Off to Whole
there is a new procedure allowing the
Schedules R and R-1—
Dollars . . . . . . . . . . . . . . . .
4
Generation-Skipping
decedent to restore the exclusion that
Penalties . . . . . . . . . . . . . . . . .
4
Transfer Tax
. . . . . . . . . . .
43
was utilized in the transfer. For more
Obtaining Forms and
Schedule U—Qualified
details, see the instructions to Part
Publications to File or
Conservation Easement
2 —Tax Computation, lines 9a through
Use . . . . . . . . . . . . . . . . . .
5
Exclusion
. . . . . . . . . . . . .
47
9e, later.
Specific Instructions . . . . . . . . . . . . .
5
Schedule PC—Protective
Claim for Refund . . . . . . . . .
49
Part 1—Decedent and
If a decedent made a taxable gift during
Executor . . . . . . . . . . . . . . .
6
Continuation Schedule . . . . . . .
51
the decedent's lifetime to a skip person
Aug 29, 2017
Cat. No. 16779E
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