Schedule L (Form Rev-1644) - Remainder Prepayment Or Invasion Of Trust Corpus

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REV-1644 EX+ (01-10)
INHERITANCE TAX
SCHEDULE L
INHERITANCE TAX RETURN
REMAINDER PREPAYMENT
RESIDENT DECEDENT
OR INVASION OF TRUST CORPUS
START
I.
ESTATE OF
FILE NUMBER
This schedule is appropriate only for estates of decedents dying on or before Dec. 12, 1982.
This schedule is to be used for all remainder returns when an election to prepay has been filed under the provisions of
Section 714 of the Inheritance and Estate Tax Act of 1961 or to report the invasion of trust corpus (principal).
II.
REMAINDER PREPAYMENT:
MM/DD/YYYY
A.
Election to Prepay Filed with the Register of Wills on
(Date)
B.
Name(s) of Life Tenant(s)
Date of Birth
Age on Date
Term of Years Income
or Annuitant(s)
of Election
or Annuity is Payable
MM/DD/YYYY
C. Assets: Complete Schedule L-1
1. Real Estate . . . . . . . . . . . . . . . . . . . . . . . . . . .$
2. Stocks and Bonds . . . . . . . . . . . . . . . . . . . . . .$
3. Closely Held Stock/Partnership . . . . . . . . . . . . .$
4. Mortgages and Notes . . . . . . . . . . . . . . . . . . . .$
5. Cash/Misc. Personal Property . . . . . . . . . . . . . .$
6. Total from Schedule L-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$
D. Credits: Complete Schedule L-2
1. Unpaid Liabilities . . . . . . . . . . . . . . . . . . . . . . .$
2. Unpaid Bequests . . . . . . . . . . . . . . . . . . . . . . .$
3. Value of Non Includable Assets . . . . . . . . . . . . .$
4. Total from Schedule L-2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$
E.
Total Value of Trust Assets (Line C-6 minus Line D-4) . . . . . . . . . . . . . . . . . . . . . . . . . . .$
F.
Remainder Factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
G. Taxable Remainder Value (Multiply Line E by Line F) . . . . . . . . . . . . . . . . . . . . . . . . . . . .$
(Also enter on Line 7, Recapitulation)
III.
INVASION OF CORPUS:
MM/DD/YYYY
A.
Invasion of Corpus
(Month, Day, Year)
B.
Name(s) of Life Tenant(s)
Date of Birth
Age on Date
Term of Years Income
or Annuitant(s)
Corpus
or Annuity is Payable
Consumed
MM/DD/YYYY
C. Corpus Consumed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$
D. Remainder Factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
E.
Taxable Value of Corpus Consumed (Multiply Line C by Line D) . . . . . . . . . . . . . . . . . . . .$
(Also enter on Line 7, Recapitulation)
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