Form Rev-1736 Ex - Instructions For Form Rev-1737-A Pennsylvania Inheritance Tax Return - Nonresident Decedent Page 18
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26dying on or before December 12, 1982), are reportable on
List on Part 1 of Schedule E all items of tangible personal
property having its situs in Pennsylvania. Include jewelry,
Schedule G.
wearing apparel, household goods and furnishings, books,
paintings, automobiles, boats, farm products, livestock, farm
List on Schedule F a complete description of the assets giving
machinery, cash on hand, cash, stamps, jewelry and all other
the date the asset was put into joint ownership, the exact bal-
tangible personal property located in a safe deposit box in a
ance or market value at date of death, and the value of the tax-
Pennsylvania institution, rents due, but not yet collected, or
able interest. Each description must show the exact registra-
rent accrued, but not yet due, on Pennsylvania real property
tion of the asset and the appropriate letter, A. B. C. etc., to
on the date of death, lease-holds, royalties, or patents.
indicate the name, address, and relationship of the surviving
co-tenant.
Complete Part 2 of Schedule E only when the proportionate
method of tax computation is elected. Part 2 is to include all
Do not report a retained life estate on this schedule. See
cash, bank deposits and miscellaneous personal property
Schedule G.
wherever located. If any article (e.g., jewelry, furs, silverware
or paintings, etc.) is worth more than $3,000 or if any collec-
SCHEDULE G - TRANSFERS
tion of articles in one category is valued at more than $10,000,
Complete Schedule G, Part 1, for all nonresident estates, if
include an appraisal by an expert and that appraiser’s state-
applicable.
ment concerning his other qualifications.
Part 1 of Schedule G must disclose all transfers of real or tan-
For cash in banks and other financial institutions, report the
gible personal property located in Pennsylvania. Complete
name and address of the financial institution, the account
Part 2 only when the proportionate method of tax computa-
number, nature of the account (i.e., checking, savings) and the
tion is elected. Part 2 should include all other transfers wher-
date of death balance. Retain any statements obtained from
ever located.
the financial organizations for inspection by the Department
of Revenue.
Include on Schedule G the transfer of assets defined by
Section 9107(c) of Act 22 of 1991 which were made by the
SCHEDULE F - JOINTLY-OWNED PROPERTY
decedent during life, by trust or otherwise, to the extent that
Complete Schedule F, Part 1, for all nonresident estates, if
they were made without valuable and adequate considera-
applicable.
tion in money or money’s worth at the time of the transfer.
Transfers which are subject to tax should be valued as of the
Part 1 of Schedule F must disclose all real or tangible person-
date of the transferor’s death, and not the date of the transfer.
al property located in Pennsylvania in which the decedent
You must include all such transfers (see descriptions follow-
held an interest at the time of death as a joint tenant with right
ing) in the gross estate on this schedule.
of survivorship with someone other than the decedent’s sur-
viving spouse.
1. IRA’S, ANNUITIES AND PENSION PLANS
-
Where a decedent, during his lifetime, possessed rights in an
Complete Part 2 of this schedule only when the proportionate
employment benefit plan beyond those described below, the
method of tax computation is elected. Part 2 should include
payments received from the plan will be subject to tax. Rights
all other jointly held property wherever situated. (Do not list
under a plan which would subject the plan’s payment to
property which the decedent held as a tenant in common or
Inheritance Tax would include, but are not limited to, the
nominee, or in a partnership, but the value of the decedent’s
right to withdraw benefits, including the right to withdraw
interest, if any should be reported on the appropriate asset
only upon payment of a penalty (providing the penalty is
schedule. When in doubt, disclose and explain by short nota-
smaller than 10% of the withdrawal), the right to borrow
tion or otherwise any asset held wholly or partly in the name
monies from the retirement plan, the right to assign the bene-
of the decedent.) Disclose the full value of all assets on this
fits of the plan to another, the right to pledge the plan and/or
schedule and show the decedent’s taxable interest at death.
its benefits, the right to anticipate the benefits of the retire-
Determine the decedent’s taxable interest by dividing the full
ment plan (other than in regular monthly installments), or the
value of the property by the number of joint tenants. Only the
right, by contract or otherwise, to materially alter the provi-
fractional ownership interest of the decedent at the date of
sions of the plan.
death would be subject to tax, unless the joint ownership was
created within one year of the decedent’s death (within two
years of the decedent’s death if death occurred on or before
Payments received from Employment Benefit Plans such as
December 12, 1982). Joint tenancies, including those
pension plans, stock bonus plans, profit sharing plans and all
between husband and wife, created within one year of the
other retirement plans, including but not limited to, H.R. 10
decedent’s death (or two years for estates of decedent’s
(Keogh) plans, individual retirement accounts (IRAs),
12
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