Form It-Nr - Inheritance Tax Return Non-Resident Decedent - New Jersey Division Of Taxation Page 28
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41INSTRUCTIONS FOR SCHEDULE “C”
If any notes, brokerage accounts or other claims are secured by collateral, describe the collateral pledged, with
its value as of the date of death of the decedent and state whether or not said collateral is included among the assets
disclosed in Schedule B or B(1). If collateral is not pledged, state after each loan “No collateral pledged”.
NOTE: No debt or claim is to be listed in this schedule unless still owing and unpaid at the time of death and unless
such debt or claim is to be paid out of the assets of the estate.
(EXAMPLE: That portion of medical bills paid or reimbursed by Medicare or other medical insurance
should not be claimed on this schedule).
Contested claims must be explained in detail. Do not list any taxes, either real, personal or
income, chargeable for any period subsequent to date of death.
The estate agrees to advise the Division if the amount actually paid in settlement of any fee, commission or debt
is greater or less than the estimated amount allowed and further agrees to the correction of the assessment, if
necessary.
For mortgages see instructions for Schedule “A”.
Executor Commissions: See N.J.A.C. 18:26-7.10 or questions 25, 26 and 27 New Jersey Non-Resident
Inheritance Tax Most Frequently Asked Questions or Taxation’s website for guidelines on how to compute same.
Examples of Allowable Deductions
FUNERAL EXPENSES:
Cost on recovery and/or discovery of assts
Cemetery Plot (immediate family)
Realty commissions in accordance with N.J.A.C. 18:26-7.12
Funeral Luncheon
Storage of property if delivery to legatee not possible
within reasonable time
Flowers
Minister/Rabbi/Priest/Imam
Monument/Lettering
DEBTS OF DECEDENT OWING and
Funeral Costs
UNPAID AT TIME OF DEATH:
Acknowledgments
Personal accounts
Judgments
ADMINISTRATION EXPENSES:
Federal income and gift taxes
Appraisal of real estate
Real estate mortgage:
Appraisal of personal effects
(a) Interest accrued before death, deducted in
Surrogate’s fees
Schedule C
Probate expenses
(b) Principal offset in Schedule A
Fee to notify creditors
Charitable pledges
Death certificates
State, county and local taxes accrued before death
Telephone tolls
Unpaid Inheritance Tax on interrelated estate
Cost of Executor’s or Administrator’s Bond
Transfer Taxes paid to other states
Collection costs
Debts on property located outside of New Jersey
Court costs
Cost on recovery and/or discovery of assets
Examples of Non-Allowable Deductions
Contingent liabilities
Storage expense
Mortgage, taxes and accrued interest on tenants by entirety
Litigated and disputed claims
property
State, county and local taxes accruing after date of death
Debts paid by insurance
New Jersey Transfer Inheritance Tax
Medical expenses paid prior to death
Real estate brokers commissions, except if real property sold
Liabilities of corporation of which decedent was a
during administration of estate
shareholder
Federal Estate Tax
Real estate and property maintenance costs
IT-NR - Page 10
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